Ferrara Candy CEO gobbles up pricey unit in 9 West Walton Street

The JDL Development condo tower had dominated the list of most expensive home sales this year

Chicago /
Jul.July 31, 2018 12:15 PM

Ferrara Candy CEO Todd Siwak and renderings of 9 Walton Street (Credit: Glassdoor and JDL Development)

Ferrara Candy Co. CEO Todd Siwak is the latest buyer of a condo unit at JDL Development’s Gold Coast tower.

Siwak paid $4.6 million for the three-bedroom, 3,700-square-foot residence at 9 West Walton Street, also known as No. 9 Walton, according to the Chicago Tribune.

Siwak has led the Oakbrook Terrace-based candy company since 2013. It recently announced it is moving headquarters to CA Office and White Oak Realty Partners’ new tower at 625 West Adams Street.

Siwak bought the 17th-floor unit through a Missouri limited liability company and plans to use it as a second home, according to the Tribune. He also has a home in the St. Louis area.

Jeffrey Lowe of Compass represented Siwak in the transaction. Neither he nor Siwak commented on the deal.

The tower has dominated the rankings of top home sales this year, placing seven units among the 20 sales of 2018.

Billionaire Ken Griffin’s purchase of the top four floors of the building for almost $59 million at the end of last year shattered the record for most expensive home sale in the Chicago area. Chicago Cubs outfield Jason Heyward recently bought a 19th-floor unit in the building for $6.9 million. [Chicago Tribune] — John O’Brien

 

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