Schaumburg Towers back on the market five years after $86.7 million purchase

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Iconic Schaumburg Towers -- former home of ZurichNA & current headquarters of Paylocity RSMUSLLP & allyfinancial -- is back on the market

American Landmark Properties, the Skokie-based real estate investor that bought the towers five years ago, has engaged the services of Cushman & Wakefield to market the 882,071-square-foot property at 1400 and 1450 American Lane, near Woodfield Mall.

Representatives of American Landmark Properties and Cushman & Wakefield did not respond to requests for comment. One tower is home to the headquarters of Paylocity, while two other major tenants -- RSM and Ally Financial -- moved into the second tower last year. According to the listing information, Tower I has more than 65,000 square feet available for lease and Tower II has more than 38,000 square feet available.

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