Billionaire Kenneth Griffin, who is the founder and chief executive of Chicago-based hedge fund Citadel, was the buyer of that $15 million penthouse condominium unit in the Park Tower, which sold two weeks ago in what appears to be Chicago's priciest condo sale ever.
Newly public records show that Griffin, 44, bought the 7,900-square-foot unit, which had been owned by hedge fund manager Richard Cooper's Cooperfund.
Griffin was a logical buyer for Cooper's unit, given that he has owned a penthouse on the 67th floor of the Park Tower since buying it in 2000 for $6.9 million. The new unit is on the 66th floor.
The unit never actually was publicly listed. Instead, it was listed privately and only was placed into the real estate MLS at the exact time that the deal was struck.
Chezi Rafaeli of Coldwell Banker represented both Griffin and Cooper. He has declined to comment on any aspect of the transaction.
Features in the three-bedroom unit that Griffin just purchased include four full baths, five half baths, 16-foot ceilings, a private terrace space measuring 44 feet by 15 feet, and three garage spaces in the building. Cooper bought the unit as raw space in 2000 for $3.316 million.
Griffin's new acquisition is the most expensive condo in Chicago history, easily surpassing the previous recordholder -- actor Vince Vaughn's $12 million purchase in 2006 of a triplex penthouse in the Palmolive building, which he now has available for $16.75 million.
The most expensive condo ever listed in Chicago is the current, $32 million listing for the penthouse unit in the Trump International Hotel and Tower.
Chicago's other highest-priced condo sales are financier James S. Crown's $10.1 million purchase in 2002 of a duplex in an eight-story luxury Gold Coast condo building, chewing-gum heir Bill Wrigley's $9.125 million purchase that same year of a full floor atop that same building, Tampa Bay Buccaneers co-chairman Bryan Glazer's $8.606 million purchase in 2010 of a 53rd-floor condo unit at the Elysian Private Residences Tower, options trader Igor Chernomzav's $8.18 million purchase in 2010 of a full-floor, 6,432-square-foot unit in the Elysian and commodities trader Jeff Silverman's $7.2 million purchase last year of a top-floor condo unit in a Gold Coast tower.
Griffin buyer of Chicago's priciest condo
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Griffin buyer of Chicago's priciest condo
