loader image

Former Kraft Heinz exec moves up and scales down at Park Tower condo

800 North Michigan Avenue (Credit: Redfin)

A former Kraft Heinz executive and his wife bought a condo in a Magnificent Mile high-rise, days before selling their pricier unit a floor below for nearly twice as much.

Georges El-Zoghbi and his wife, Leila, paid $3.7 million for the three-bedroom unit on the 52nd-floor of the building at 800 North Michigan Avenue on Jan. 17, according to Cook County property records. The seller was Leland Swanson. Justin Penn of Gold Coast Realty Chicago had the listing. Sharon Glickman of Baird & Warner represented the couple.

Nearly two weeks later, the El-Zoghbis sold their five-bedroom unit on the 51st floor for $7 million. They had picked up the property in 2016 for $4.5 million, according to county records.

The city’s luxury housing market has been strong since the start of 2018, and the couple’s $7 million Park Tower transaction ranks among the top residential sales over that period.

Recommend0 recommendationsPublished in Real Estate

Share this story with your network.

Share on facebook
Share on twitter
Share on linkedin
Share on email
Share on print


Recent Stories

Del Marie: locked down, but not out

The rapper-dancer-performance poet rolls with the pandemic punches. 2020 started off so well. January and February were great months for 27-year-old rapper, dancer, and performance

Read More »

Speak with a local expert now.

Learn more about this recent happening by speaking with an agent.