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Wrigley sells iconic Chicago skyscraper

Posted September 20, 2011 12:00 am

Associated Press

The Wrigley Building, an iconic Chicago skyscraper, has been sold by the company that gives the building its name.

The Wm. Wrigley Jr. Co. announced Monday the building has been sold to the Chicago-based investment firm of BDT Capital Partners. Groupon co-founders Brad Keywell and Eric Lefkofsky and Zeller Realty Group are minority partners in the deal.

In a statement, Wrigley chief financial officer Reuben Gamoran said the chewing gum maker has been committed to securing new ownership for the building that would ensure its future and protect its legacy.

Earlier this year, Wrigley announced plans to relocate about 250 employees from the white terra cotta-clad building by the end of 2012 to the company's campus on the Chicago River..

The buyers are seeking landmark status for the 90-year-old building.

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