Wrigley Building buyers plan an overhaul
September 19, 2011
By: Emily Bryson York, Melissa Harris, and Alejandra Cancino

The Wrigley Building is going to get a revamp.

The Wm. Wrigley Jr. Co. confirmed Monday that the iconic Michigan Avenue towers, along with a nearby 1.5-acre lot, has been sold to a consortium of buyers led by BDT Capital Partners, a Chicago-based investment firm headed by Byron Trott. ...

... Tony Smaniotto, a senior managing director at Studley's Capital Transactions Group, said the $30 million figure obtained by the Tribune is in "concert with other older historical properties that might have leasing and physical challenges." That figure, he said, reflects the age of the building and the fact that renovations are required. ...

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