A New York investor has acquired a high-vacancy office tower in Chicago’s Loop business district out of foreclosure, with plans to invest in property upgrades to try to overcome a sluggish leasing market.
New York investor buys Chicago office tower out of foreclosure
FTK Capital acquires 25-story downtown building
By Ryan Ori
CoStar NewsApril 13, 2026 | 6:29 P.M.
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IN THIS ARTICLE
- Properties
- Companies
- The Melohn Group LLC
Real Estate
- Contacts
- Erica Marshall
Vice President, Stream Realty Partners, LP
- Matthew Lerner
Executive Vice President, Stream Realty Partners, LP