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1400 N. Lake Shore Drive, Chicago 1400 N. Lake Shore Drive, Chicago

CHICAGO—ESG Kullen of New York City has closed on the historic condo deconversion of the 391-unit 1400 N. Lakeshore Drive complex here in a deal valued at $107 million.

The transaction marks the highest sale price achieved for a bulk condo sale in the history of Chicago, according to CBRE, which brokered the deal. New ownership will deconvert the property back to apartments.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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