William Blair chairman sells Winnetka mansion

Posted Nov. 22, 2010 at 5:48 a.m.

ELITE STREET | By Bob Goldsborough | William Blair & Co. Chairman Edgar D. “Ned” Jannotta on Friday sold his 11-room, lakefront mansion in Winnetka for $6.5 million after once asking $10.75 million for it.

Jannotta, 79, has been with the closely held investment bank for more than 50 years. He became chairman in 2001 after previously serving in a variety of positions, including as managing partner.

Jannotta first placed the 7,626-square-foot mansion on the market in May 2009 for $10.75 million. He reduced his asking price to $8.5 million in November 2009 and to $7.5 million in May. The deal went under contract on Sept. 25, and closed on Friday.

Situated on 2.52 acres on Lake Michigan, the five-bedroom, 19th-century mansion has five full baths, two half baths, four fireplaces, a terrace, a full attic, lake views and a three-car garage. Jannotta purchased the home in 1991 for $4.2 million.

Listing agent Chris Downey of Koenig & Strey declined to comment on the sale or on where Jannotta is living. The identity of the buyer has not yet appeared in public records.

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  1. Amy Nov. 22, 2010 at 4:07 pm

    who cares? All this guy does is scan public records and look for gossip. Who cares?

  2. Garry Nov. 22, 2010 at 4:45 pm

    Poor baby!
    He more than made it up by screwing the city on the parking meter deal. Blair said $1 billion was a great deal. I wonder how much JP Morgan & Dubai bribed him for that crooked deal?

  3. Dunning Nov. 22, 2010 at 5:59 pm

    Amy – Do all you do is scan Tribune articles to complain about it? Who cares what you have to say? If you are not interested in Real Estate sales than don’t read this blurb.