Who bought the last units at Trump Tower?
Loop North News

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Photo by Steven Dahlman

(Above) Unfinished area near south-facing windows of Unit 89A of Trump International Hotel & Tower. (Click on image to view larger version.)

Who bought the last units at Trump Tower?

13-Mar-15 – After Sanjay Shah purchased the 89th floor penthouse for $17 million, Trump International Hotel & Tower in River North was sold out of new units.

Shah may have paid the most but he was just one of 15 people in 2014 who bought the last of 486 units that Donald Trump originally owned. The first units were sold in 2003, six years before the building opened, and the last was sold on December 8, 2014, according to data from the Cook County Recorder of Deeds.

Sanjay Shah Shah (left) is CEO of Vistex Inc., a global software company based in Hoffman Estates, Illinois. He paid $17 million in cash. He said in December he plans to spend another $15 million on the interior and then use the 14,260 square foot unit – with 360-degree views of the city – as a second residence. His first residence is in South Barrington, northwest of Chicago.

The second most expensive transaction at Trump Tower last year did not come close to the $17 million that Shah paid. Tzau Jin “T.J.” Chung (right), president of Navman Wireless in Glenview, Illinois, paid just $2.37 million for Unit 34H on May 9. Tzau Jin Chung

John Cerasani John Cerasani (left) paid $2.2 million for Unit 55E on April 28. Cerasani is founder and president of Northwest Comprehensive, Inc., a Chicago-based employee benefit broker and consultant.

Sajjad Haider Khan paid $2.175 million for Unit 56E on January 30.

Keith Creel (right) paid $1.8 million for Unit 34J on September 8. Creel works in the Chicago area as president and CEO of Canadian Pacific Railway.

Gary Willert, president and CEO of LMI Solutions, a manufacturing company in Phoenix, paid $1.65 million for Unit 30H on March 24.

Photo by Todd Korol

Todd Schilling paid $1.55 million for Unit 70D on April 7.

Paying $1.495 million for Unit 69D on February 13 was Richard Merlo, president and CEO of Chicago-based JDM Steel Service, Inc.

Yiwen Hao Yiwen Hao (left) paid $1.416 million for Unit 52D on June 9. She is director of Landun Xumei Foods Co. Ltd., a potato processing company in China that has an office in Chicago. Its clients include fast food giants KFC and McDonald’s.

Other new unit sales at Trump Tower in 2014…

  • 85G sold for $900,000 on May 12 to Harry Coaxum
  • 77G sold for $855,000 on May 28 to Mark Flanagan
  • 83G sold for $775,000 on April 10 to Loretta Kaplan
  • 82G sold for $770,000 on February 27 to Eounju Yoon
  • 79C sold for $500,000 on March 31 to Joseph Schmidt

Unit 84G sold on April 30 to John Sirpilla but information from the Cook County Recorder of Deeds does not include a price.

Nine parking spaces at Trump Tower sold in 2014. The least expensive were two spaces that each went for $43,500.

By Steven Dahlman | Loop North News | sdahlman@loopnorth.com

Published 13-Mar-15 5:50 AM

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