06/03/2026 | Press release | Distributed by Public on 06/04/2026 23:42
Kohan Retail Investment Group, led by Founder and Principal Mike Kohan, has acquired 131 South Dearborn, a prominent office tower in the heart of Chicago's Central Business District, further advancing the company's strategic expansion across office, retail, and mixed-use real estate sectors nationwide.
This acquisition is another milestone in Kohan Retail Investment Group's commercial real estate platform. It follows recent investments in notable urban assets, including 345 Seventh Avenue and the historic Kaufman Buildings in Manhattan, as well as an iconic West Loop addition in Chicago.
As the commercial real estate landscape evolves, Kohan Retail Investment Group focuses on finding opportunities in strong markets, acquiring well-positioned assets, and investing with a long-term ownership perspective. Adding 131 South Dearborn strengthens KRIG's presence in Chicago and shows commitment to premier urban locations that are centers of commerce, innovation, and economic activity.
The acquisition was completed alongside investment partners Alan Assil and Kevin Assil, whose partnership has supported the continued expansion of the company's office portfolio. The Assils have partnered on several recent acquisitions, including 345 Seventh Avenue, the Kaufman Buildings, 311 S Wacker and now 131 South Dearborn, reflecting a shared commitment to strategic investment, long-term ownership, and value creation in key U.S. markets.
"Great real estate has always been about location, vision, and patience," said Mike Kohan, Founder and Principal of Kohan Investment Group. "131 South Dearborn embodies all three. This acquisition reflects our confidence in the future of great American cities and our belief that well-located, high-quality assets will continue to play an important role in the next chapter of commercial real estate."
Located in Chicago's Central Loop, 131 South Dearborn benefits from direct access to public transportation, major employers, government institutions, and some of the region's most influential business organizations. Its location in one of the nation's most established commercial corridors makes it a natural fit for the company's expanding portfolio.
Together, these acquisitions represent more than portfolio growth. They reflect a broader strategy to build a diversified collection of high-profile assets in key markets while maintaining the disciplined investment philosophy that has guided the company for decades.
"Kohan Investment Group continues to grow because we remain focused on fundamentals," Kohan added. "We are building a platform designed not simply for today's opportunities, but for the opportunities that will define the future of our industry. We aim to continue investing in exceptional assets, strengthening communities, and creating long-term value through active ownership and thoughtful stewardship.
Today, Kohan Retail Investment Group owns and operates a diverse portfolio of commercial real estate assets across the United States, including retail, office, and mixed-use properties. With a growing presence in major metropolitan markets and ongoing strategic acquisitions, the company is investing in properties that serve as economic anchors and drivers of growth.
The acquisition of 131 South Dearborn stands as the latest example of that vision in action. It reinforces Mike Kohan's position as an active, forward-looking owner committed to the future of commercial real estate.
About Kohan Retail Investment Group
Kohan Retail Investment Group is a privately held real estate investment company focused on the acquisition, ownership and operation of commercial real estate assets across the United States. The company's portfolio includes regional malls, shopping centers, office properties and mixed-use assets in markets nationwide. Through its Ready for What's Next strategy, Kohan Retail Investment Group is focused on strengthening operational consistency, advancing purposeful leasing, supporting tenants and identifying practical paths for long-term value creation.