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Chicago & Midwest  + North Side  + Retail  | 
Comedy Institution Second City Will Open First NYC Location

Second City Empire Goes Up for Sale

The owners of The Second City comedy empire plan to sell the brand’s diversified business, including its flagship theater at 1616 N. Wells St. Houlihan Lokey’s Daniel Gossels and Teddy Shaw will advise The Second City.

The company will consider qualified expressions of interest through a process that will play out over the coming months. The company’s theaters are open for live shows in Toronto, while the evolving situations in Chicago and Los Angeles are being closely monitored. Its consumer and corporate education offerings have moved online.

“I have had an extraordinary 47-year run guiding this wonderful living, breathing, dynamic comedy institution,” said Andrew Alexander, a current owner of The Second City and former CEO. “Watching the talent development process has given me more joy than one person should be allowed. But it is time for a new generation with fresh ideas to take the company to the next level.”

Pictured: The Second City comedy theater at 1616 N. Wells. Photo courtesy of The Second City.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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