CHICAGO — AmTrust RE has purchased Parkline Chicago, a 26-story high-rise community located at 60 E. Randolph St. in Chicago’s East Loop neighborhood. The 210,000-square-foot building consists of 213 units, including 189 standard rental units and 24 penthouses. The property also includes 6,200 square feet of retail space.
Apartments at Parkline Chicago feature wood-grained flooring, undercabinet lighting and quartz countertops. Community amenities include a two-story sky lounge, fitness and yoga studio, indoor-outdoor pool with an attached sundeck and dog run.
John Jaeger, Justin Puppi and Jason Zyck of CBRE arranged the transaction. The seller and sales price were not disclosed.
AmTrust RE is based in New York City. The company is also planning an adaptive reuse of its 1.4 million-square-foot office asset at 135 S LaSalle as part of the City of Chicago’s ‘LaSalle Street Reimagined’ initiative. The project would convert the property into an approximately 400-unit mixed-income community.