The Real Deal Chicago

“We need Ken Griffin…or a sports figure:” Mansion has gone unsold for 11+ years

The 22K sf-square-foot Barrington estate just dropped its asking price another $1M
March 07, 2019 11:00AM

Gerald Forsythe and 344 Old Sutton Road (Credit: JG-TC)

The owner of a massive Barrington mansion that’s gone unsold for more than 11 years cut the asking price by another $1 million this week in hopes of finally finding a buyer.

“It’s taking a long time to find the right buyer,” listing agent George Michael of Chicago Northwest Realty told Crain’s. “We need a Ken Griffin…or a sports figure.”

Ken Griffin (Credit: Wikipedia)

The 22,000-square-foot mansion on more than 14 acres at 344 Old Sutton Road first listed in September 2007 at $17 million. More than a decade later, it’s now listed for $13.9 million.

Owner Gerald Forsythe, CEO of power plant-maker Indeck, bought the property for $1.85 million 2003. He then greatly expanded and renovated it, according to Crain’s.

Griffin, the hedge fund billionaire who runs Citadel, shattered the Chicago record for priciest home sale at No. 9 Walton in 2017. Recently, he bought a $238 million penthouse in New York, along with a London mansion and has assembled a sprawling South Florida compound — to go with his other properties. [Crain’s] — John O’Brien