A Chicago-area investor intends to scoop up a 23-story vintage office building in the Loop business district at what may be a significant discount to the value of the loan, more than two years after the owner was hit with a foreclosure suit.
Yet another office investor chases value in Chicago’s Loop
Sanjay Gandhi said to become next buyer of discounted downtown property
By Ryan Ori
CoStar NewsMay 4, 2026 | 8:34 P.M.
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IN THIS ARTICLE
- Properties
- Randolph Wells Building
205 Randolph St, Chicago, IL
- Companies
- Alvarez & Marsal Holdings, LLC
Finance and Insurance
- Contacts
- Sanjay Gandhi
Principal/Founder, Sunshine Enterprise LLC
- Jim Postweiler
Executive Managing Director, Newmark
- Peter Harwood
Senior Managing Director, Newmark
- Derek Fohl
Senior Managing Director, Newmark
- Jack Trager
Midwest Capital Markets, Newmark