Terry Savarise And Danny Wirtz Acquire Land In Chicago From Joseph Feldman For $26M

A parcel of land located at 100 South Damen Avenue, 2020 West Adams Street, and 100 South Seeley Avenue in Chicago has been sold for $26 million. This transaction reflects a significant investment as part of the $7 billion 1901 Project. The acquisition expands the ownership group's footprint in the area, contributing to an overall land expenditure related to the redevelopment of at least $136 million.

Summary of transaction details:

• Property Type: Land
• Transaction Amount: $26,000,000
• Buyer: Terry Savarise - United Center; Danny Wirtz - Chicago Blackhawks
• Seller: Joseph Feldman

This transaction involves an LLC associated with the owners of The United Center, who, through this purchase, have further committed to enhancing their real estate holdings for the extensive redevelopment project. The notable individuals in this deal are Terry Savarise and Danny Wirtz, both representing significant interests in Chicago's sports and entertainment landscape.