American Landmark Properties Completes $87M Purchase Of Schaumburg Towers
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American Landmark Properties completed its acquisition of Schaumburg Towers. The sales price for the twin 21-story towers was not disclosed. When the deal was first announced in January, it was reported American Landmark Properties agreed to buy the property for $86.7M.
The building, best known as Zurich North America's former headquarters, is nearing completion of an 18-month, $10M capital improvement program by the seller, Retail Properties of America. Those improvements include a fitness center, a new cafeteria with casual dining, WiFi lounge, conference center, outdoor plaza and amphitheater capable of hosting all-hands meetings.