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.

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.

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