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Home›Real Estate›Residential›Irvine Company Sells Chicago Tower for $550M to Zara F…

Irvine Company Sells Chicago Tower for $550M to Zara Founder

Reported · Written up by our desk · Residential

Irvine Company has sold the One North Wacker building to Ponte Gadea, the family investment firm of Amancio Ortega, the billionaire founder of fashion retailer Zara. The 51-story office tower was acquired for approximately $550 million, reported Crain’s. The transaction includes the assumption of a $353 million CMBS loan that Irvine Company secured in 2021. ... The post Irvine Company Sells Chicago Tower for $550M to Zara Founder appeared first on Connect CRE .

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Sources

ConnectCREIrvine Company Sells Chicago Tower for $550M to Zara Founder

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