Chicago businessman buys Trump penthouse for $17M cash

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Monday, December 8, 2014
Sanjay Shah, Founder and CEO of global technology company Vistex, Inc.® enjoys the view from his new residence - the Trump International Hotel & Tower® penthouse.
Barry Brecheisen-WLS

CHICAGO (WLS) -- Chicago-based entrepreneur Sanjay Shah, founder and CEO of Vistex, Inc., which is based in Hoffman Estates, Ill., purchased the penthouse of Trump International Hotel and Tower for $17 million cash.

PHOTOS: Trump penthouse purchased for $17 million cash

The 14,600 square foot property, situated on the 89th floor of the high rise, was purchased raw and unfinished. Shah estimates it will take an incremental $15 million to complete the space, bringing his total investment to over $30 million. It is the single largest residential real estate transaction in Chicago history.