Ken Buckman And Bert Castillo Acquire Chicago Office Tower For $30 Million From Jeb Scherb

The property asset involved in this transaction is a 41-story office tower located at 121 West Wacker Drive in Chicago, Illinois. It was acquired for a sale price of $30,000,000, which translates to a price per square foot of $68. The building encompasses a total square footage of 441,000.

Summary of transation details:

• Property Type: Office
• Transaction Amount: $30,000,000
• Address: 121 West Wacker Drive, Chicago, IL
• Square Footage: 441,000
• Price Per Square Foot: $68
• Buyer: Ken Buckman & Bert Castillo
• Seller: Jeb Scherb - Ameritus
• Date of Transaction: 11/11/2026
• Market: Chicago, IL

Ken Buckman and Bert Castillo of Invision Capital are the buyers involved in this transaction, while Jeb Scherb represents the seller, Ameritus. Notably, the purchase price is nearly 75% lower than what Ameritus paid for the property in 2019. The buyers have plans to enhance various aspects of the building, including the lobby and restaurant space, amidst a declining occupancy rate.