Groupon Is Not Purchasing Wrigley Building, but its Founders Might

By Samantha Abernethy in News on Aug 22, 2011 6:40PM

Over the weekend, Crain's Chicago Business reported that Groupon was looking into purchasing the Wrigley Building, but now the Wall Street Journal reports that Groupon isn't planning on moving its offices from the former Montgomery Ward building at 600 W. Chicago. WSJ reports:

Now, it’s possible that Groupon’s co-founders, Brad Keywell and Eric Lefkofsky, are planning to make a splashy Wrigley Building purchase for Lightbank, their private investment firm. But Groupon won’t be part of those plans. Lefkofsky declined to comment through a spokesman.

A Groupon spokesman told WSJ that the company has plenty of room to expand at the Ward building, where it has a lease through 2017. The 90-year-old Wrigley Building is worth about $35 million to $45 million.