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Kohan Retail Investment Group pays $137 million for 37-story tower The former Citadel Center at 131 S. Dearborn St. in Chicago has sold for $137 million. (Brett Bulthuis/CoStar) June 5, 2026 | 9:05 P.M. Investment manager Citadel’s 37-story former headquarters in Chicago has sold for $137 million, the highest-priced office deal in the city in more than four years, reflecting a massive reset of the office property’s value.
A Long Island-based investor long known as a buyer of distressed retail properties has agreed to buy Citadel’s 37-story former headquarters in Chicago, striking its third office deal in the city in less than a year. Great Neck, New York-based Kohan Retail Investment Group has a contract to buy the approximately 1.55 million-square-foot building at 131 S. Dearborn St. in the Loop business district, according to people familiar with the situation.
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