The Wrigley Building Has Been Sold

It's official: The Wrigley Building has been sold. Investment firm BDT Capital Partners are the lead buyers of the 90-year-old Michigan Avenue landmark. Don't expect it to be renamed -- Wm. Wrigley Jr. Co. had said it would insist any buyer retain the Wrigley name.

It was rumored that Groupon was considering a purchase of the Wrigley Building. That turned out to only be partly true. The Tribune writes:

Groupon co-founders Brad Keywell and Eric Lefkofsky and Zeller Realty Group are minority partners in the deal. BDT is a tenant in the Zeller building across the street. (...)

Neither Groupon nor any company affiliated with Lightbank, which Keywell and Lefkofsky also co-founded, have immediate plans to relocate to the building.

The building will probably continue as an office building. It was valued at $35 million to $45 million, but the sale price was not immediately available.