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Planned Realty Group Acquires 55 W. Chestnut for $48.5 Million

Chicago Teachers Union Sells Gold Coast Residential Tower
By Alec Forde
November 18, 2014 | 8:12 P.M.

Chicago Teacher's Union (CTU Foundation) recently sold the 224-unit residential building at 55 W. Chestnut St. in Chicago's Gold Coast to Chicago-based developer Planned Realty Group. The asset sold for $48.5 million, or approximately $217,000 per unit.

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