The Real Deal Chicago

Discount Tire CEO buys full-floor Magnificent Mile condo for $6.25M

The sale marks the 16th of $6M or more this year in the Chicago area
August 07, 2018 04:00PM

159 East Walton Place and Michael Zuieback

Discount Tire CEO Michael Zuieback paid $6.25 million for a full-floor Magnificent Mile condo. It marked the 16th residential sale of more than $6 million so far this year.  At this point in 2017, only one sale over $6 million had been recorded.

Zuieback bought the 5,400-square-foot unit on the 23rd floor of the landmark Palmolive Building at 159 East Walton Place from Wayne and Helene Moore, according to Crain’s.

The head of the Arizona-based tire dealer famous for its quirky commercials did not respond to requests for comment from Crain’s, nor did his broker, Elizabeth Bennan of Berkshire Hathaway Home Services KoenigRubloff Realty Group.

Wayne Moore retired in 2008 from Goldman Sachs, and Helene Moore is a clinical psychologist and instructor at Northwestern University’s Feinberg School of Medicine, according to Crain’s.

The condo has four bedrooms, three full baths and elevator entry directly into its foyer.

High-priced sales in 2018 include the $8 million purchase of an unfinished unit in the Ritz-Carlton Residences and the $6.6 million sale of a 19th century Gold Coast mansion.

JDL Development’s condo tower at 9 West Walton Street, known as No. 9 Walton, has also seen a string of pricey trades dating to Ken Griffin’s $59 million purchase of the top four floors in November. [Crain’s] — John O’Brien