The Real Deal New York

Investor betting $87.6M on pair of 21-story office towers in Chicago’s suburbs

January 26, 2018 12:26PM

American Landmark Properties, a Skokie, Illinois-based real estate investor, is in contract to buy two half-occupied office towers in the suburbs north of Chicago. The two 21-floor towers, now known as Schaumburg Towers, were once the headquarters Zurich North America. The properties are expected to go for $87.6 million, with American Landmark looking to raise $29.9 million in capital and financing $57.7 million in debt. [Crain’s Chicago Business]