JQery Transition

JQery Transition

Hello Everyone
What i want is , on clicking on a link which is situated at last of paragraph:
1 .Content should fades out in 1.5 seconds.
2.Red Block should fades in that 1.5 seconds at same position .
Process should be completley  parallel.
Here are Images of how transition is taking place
Main Key point here is Paragraph text disappear and red color block appear at same position and at same time.
Thanks