New Portillo's CEO Sells Lincoln Park Home

CHICAGO — Portillo's soon-to-be CEO has sold his 3,200-square-foot condominium in the Lincoln Park neighborhood for $2.5 million. Michael Osanloo will take over as CEO on Oct. 1 when Keith Kinsey retires, the restaurant chain announced earlier this month.

Osanloo bought the full-floor condominium in 2011 when he was a Kraft Foods executive. The four-bedroom home overlooks the lake and the Lincoln Park zoo, and includes a gas fireplace, floor-to-ceiling wine refrigerators and a terrace.

According to a report by Crain's, Osanloo bought the condominium in 2011 for more than $1.42 million, and the home underwent an extensive renovation. The home was listed for sale July 11 and was under contract to a buyer five days later, according to the report.

Osanloo and his wife Nancy will move from Arizona to Hinsdale, Crain's reported. He grew up in the Chicago area, and previously worked at Kraft Foods, Caesars Entertainment and Bain.

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