The Real Deal Chicago

No. 9 Walton records another multimillion-dollar condo sale

Trucking magnate Michael Tadin bought a unit at JDL Development's luxury project the same day an internet retail exec dropped millions
By John O’Brien |
Research by Haru Coryne
January 09, 2019 04:00PM

Michael A. Tadin and 9 West Walton Street (Credit: Highrises and iStock)

On the same day an internet retail executive paid $8.1 million for a unit at JDL Development’s No. 9 Walton tower, a South Side trucking magnate paid $5.2 million for a unit in the building.

Michael Tadin Sr. bought an eighth-floor condo in the building at 9 West Walton Street on Dec. 20, the same day Winston Brands founder Todd Lustbader bought a 26th-floor unit there.

Tadin is president of Back-of-the-Yards-based Marina Cartage, which has received tens of millions in city contracts and has become embroiled in several City Hall scandals, including the controversial Hired Truck program that former Mayor Richard Daley shut down after a Chicago Sun-Times investigation.

He and his wife, Lee, listed their Gold Coast mansion on State Parkway for $5.1 million last year, according to Crain’s.

No. 9 Walton has dominated the most expensive residential sales in the Chicago area since late 2017, and landed three units on the list of Top 10 priciest sales of 2018. Along the way, the building assembled a impressive roster of notable owners.

Multimillion-dollar sales like those by Lustbader and Tadin helped the Chicago area post a record year in 2018 for luxury residential sales.