AmTrust to lose Illinois Center in foreclosure auction for $285M debt default

  • 10/19/2026

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Highlights
Cook County Judge Edward Robles issued a foreclosure judgment against AmTrust RE over a defaulted $260 million mortgage on the 2.1 million-square-foot Illinois Center complex.
The property, consisting of towers at 111 East Wacker Drive and 233 North Michigan Avenue, is scheduled for a Nov. 12 sheriff's auction.
Special servicer LNR Partners is positioned to bid on and claim title to the asset, which appraised in March at $66.5 million — down from its $376 million purchase price in 2015.

AmTrust Realty Corp.
Patrick Kearney | Managing Director, Acquisitions/New Development

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