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Personal fairness veteran Bryan Cressey and his spouse have been the b…


Chicago private-equity veteran Bryan Cressey and his spouse, plastic surgeon Iliana Sweis, had been recognized because the consumers who paid $20 million in March for the five-bedroom, 14,260-square-foot full-floor penthouse at the 89th surface of Chicago’s Trump World Resort & Tower.

The sale of the unit used to be the 3rd highest-priced sale on report of any roughly house on inside of Chicago’s town limits. An actual property supply within the Trump Tower showed that Cressey and Sweis have been the consumers.

Cressey, 73, is the co-founder of personal fairness company Golder Thoma Cressey, which teamed up with long term Gov. Bruce Rauner to develop into referred to as GTCR. Cressey then co-founded every other inner most fairness company, Thoma Cressey, adopted by means of Cressey & Co.

Cressey and Sweis are accustomed to the Trump construction, as Sweis purchased a lower-floor unit within the construction for $2.7 million in 2009. And Cressey, an established Barrington-area resident, bought some of the resort condos within the construction in 2015 for $1.68 million.

The couple purchased the $20 million penthouse via an opaque Delaware restricted legal responsibility corporate whose title is a variation at the couple’s marriage ceremony date and site.

Chezi Rafaeli, the actual property agent who represented the couple of their acquire, declined to substantiate the couple’s possession. Legal professional Judy DeAngelis, who represented the couple within the acquire and who additionally receives the unit’s tax invoice, requested a reporter “the place you were given the ones names” earlier than declining to remark additional.

Cressey didn’t reply to a request for remark, whilst in a telephone interview, Sweis denied purchasing the unit.

Sanjay Shah, the CEO of Hoffman Estates-based instrument maker Vistex, paid $17 million in 2004 for the 12-room penthouse, which he by no means occupied. After placing up some partitions and ceilings, he indexed it in September 2021 for $30 million, and he went below contract to promote it in February.

The penthouse has 7-1/2 bogs, floor-to-ceiling home windows, a 19-foot ceiling within the residing discipline, 18-foot glass insulated home windows and a non-public get right of entry to elevator.

In August, Chicago construction officers authorized Cressey and Sweis’ utility to demolish the prevailing partitions and ceilings within the penthouse at a value of $125,000.

The penthouse had a $257,391 assets tax invoice within the 2020 tax 12 months.

So far as Chicago house acquire data pass, Cressey and Sweis’ acquire trails handiest billionaire Ken Griffin’s $58.75 million acquire in 2017 of 4 condominiums within the construction at 9 W. Walton Boulevard and the new $20.56 million sale of a four-bedroom, 10,000-square-foot duplex condominium at the 71st surface of the Apartments on the St. Regis Tower. Griffin’s acquire used to be technically made in 4 separate transactions, and handiest some of the 4 recorded gross sales used to be for greater than $20 million. No single-family space in Chicago historical past has ever modified palms for greater than the $14.5 million that now-Gov. J.B. Pritzker paid in 2006 for his Astor Boulevard mansion.

Goldsborough is a contract reporter.

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