Nov. 11--The founder and CEO of Chicago private-equity firm Valor Equity Partners and his wife paid $5.3 million to buy a third condominium unit in their luxury Gold Coast building where they previously had purchased the other two units on the floor.
Valor founder and CEO Antonio Gracias and wife Sabrina have paid more than $13.6 million through two private transactions to purchase the entire third floor of the building.
In November 2012, the couple paid $8.35 million -- at that time, among the city's Top 10 highest-priced condo sales -- to purchase two adjoining units in the building. Now, through the same Delaware limited liability company that the couple used in 2012, they paid $5.3 million in a private transaction on Oct. 15 to complete their ownership of the third floor of the eight-story building. Because the condo was sold privately, no information is available about features in the unit.
The Graciases' combined $13.65 million purchase price for their three units still ranks as one of the city's higher-priced condo sales. However, since 2012, there have been several higher-priced condo sales in the city, including Citadel founder Ken Griffin's $15 million purchase of a full-floor unit in the Park Tower, Griffin's $16 million purchase of a full-floor unit in the Waldorf Astoria and an $18.75 million deal for a full-floor unit in the Park Tower.
Antonio Gracias did not immediately respond to a request for comment.
Bob Goldsborough is a freelance reporter.
.jpg?w=600)
