CHICAGO-Hartz Mountain Industries, based in Secaucus, NJ, is the new owner of One Superior Place here after buying the ground rights and the 809-apartment tower for $320 million. BLDG Management Corp., based in New York City and led by investor Lloyd Goldman, sold the fee interest for $80 million, and Toronto-based Brookfield Real Estate Financial Partners LLC sold the building for $240 million.

The 52-story tower was built in 1999 on Dearborn Street in the River North neighborhood. The property and the land were split in 2005, when Goldman bought the land for $55 million. Stellar Management reportedly purchased the building for about $218 million in 2007 as part of a larger portfolio, but the company defaulted on loans and Brookfield took over the tower in an auction in 2009.

Brookfield put the tower on the market late last year and had reportedly sought $260 million. The tower is almost fully occupied, with two-bedroom units renting for more than $3,000 per month.