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Chicago: Ken Griffin Finds Buyer for Park Tower Condos

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Ken Griffin and Park Tower

Ken Griffin with Park Tower (Getty, Gold Coast Realty)

Ken Griffin has sold another of his luxury condos.

The billionaire hedge fund manager, who announced this summer that he and his company will be leaving Chicago and moving to Miami, has found a buyer for one of his four Chicago condo properties. chicago tribune report. The Park Tower unit was last he listed for $13.25 million.

Days after Citadel announced it was moving its headquarters out of Chicago over crime in the city, Mr. Griffin put three condos up for sale. Properties include his 8,000-square-foot full-floor condo on the 66th floor of Park Tower and his 9,250-square-foot full-floor unit on the top floor of Park Tower, demanding $15.75 million doing. $11.5 million. A few weeks later, he listed his fourth condo, his 7,085-square-foot unfinished unit on the 35th floor of his 9 West Walton Street building.

The sale of the Park Tower unit has not yet been finalized, so it is not yet known how much Griffin will lose in the transaction. The listing price is already lower than the $15 million Griffin spent on his unit in 2012.

This deal is the second of four listings for sale by Griffin. In October, he sold his five-bedroom, 7,400-square-foot full-floor condo on the 37th floor of Waldorf Astoria for $10.2 million. The deal was another loss for the billionaire who spent his $13.3 million on the unit in 2014.

The 66th floor Park Tower unit was marketed as low space. Mr. Griffin previously used his 67th floor unit in the same building as the main residence, but after 12 years from the first unit he purchased a second unit and made plans to expand. He didn’t, and the unit was incomplete, with 13-foot ceilings and 550 square feet of outdoor space.

Susan Minor of Premier Relocation was the Listing Agent for the Park Tower Unit.

Victoria Pruitt

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Written by Natalia Chi

Chicago Popular; Chicago breaking news, weather and live video. Covering local politics, health, traffic and sports for Chicago, the suburbs and northwest Indiana.

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