JRK Property Holdings Buys 1250 North LaSalle Street tower in Chicago

Reported Oct 27, 2026 · Source: The American Developer

Source: The American DeveloperRead the full report at The American Developer ↗

Deal details

Buyer
JRK Property Holdings
Seller
Strategic Properties of North America (Newmark represented seller)
Price
$67.3M
Size
196 units
Price per unit
$343,367 per unit (our calculation)
Asset class
Multifamily & Mixed-use
Transaction
Sale
Sub-market
River North / Streeterville / Gold Coast
Metro
Chicago
Reported date
Oct 27, 2026

Summary

JRK Property Holdings paid $67.3 million for the 196-unit apartment tower at 1250 North LaSalle Street in the Gold Coast, a building converted from condos, according to Bisnow Chicago, citing CoStar News. Source: The American Developer.

Summarized from the article; the quoted lines below are from the article itself.

Source: The American Developer

Read the full report at The American Developer. What the article says:

  • Deal / Size / Buyer
    JRK Property Holdings paid $67.3 million for the 196-unit Gold Coast tower at 1250 North LaSalle, which Strategic Properties bought for $60 million in 2019.
  • Deal
    JRK Property Holdings paid $67.3 million for the 196-unit apartment tower at 1250 North LaSalle Street in the Gold Coast, a building converted from condos, according to Bisnow Chicago, citing CoStar News.
  • Seller
    The company bought the tower from Strategic Properties of North America, which paid $60 million for it in 2019.

Article date: 2026-10-28T22:15:00.000Z

Frequently asked questions

Who bought 1250 North LaSalle Street tower?
JRK Property Holdings bought 1250 North LaSalle Street tower in River North / Streeterville / Gold Coast, Chicago, according to The American Developer.
How much did 1250 North LaSalle Street tower sell for?
The reported price is $67.3M, per The American Developer.
Who sold 1250 North LaSalle Street tower?
The seller was Strategic Properties of North America, per The American Developer.

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Compiled from public sources; details can differ between sources. Always verify with the linked source.