Departing Walgreens executive sells $8.7 million Glencoe mansion in 3 days

Departing Walgreens executive sells $8.7 million Glencoe mansion in 3 days

Alexander Gourlay, a former top executive at Walgreens Boots Alliance, and his wife sold their lakefront Glencoe mansion for nearly $8.7 million in just three days.

Gourlay, who came to Walgreens in 2013 during the merger with the Swiss and British firm Alliance Boots that was finalized in 2014, left his post as co-chief operating officer in May . The announcement at the time said he would stay on as a senior adviser to Walgreens CEO Rosalind Brewer until the end of 2021.

Gourlay and his wife, Margaret, sold their 15-room mansion on Longwood Avenue in Glencoe on Friday for $8.68 million.

The home is the eighth in the Chicago area to sell for $8 million or more so far in 2021, compared to seven in 2020 and three in 2019. It’s also the highest-priced home sale in Glencoe since July 2019, when buyers paid almost $9.7 million for a home on Wentworth Avenue .

The Gourlays put the home, which sits on about three-quarters of an acre with a strip of private beach, on the market July 5 at a little under $9 million, and July 8 it went under contract. The sale closed Dec. 17.

The couple paid $8 million for the house in December 2013. It’s about 7.5 miles from the Deerfield headquarters of Walgreens Boots Alliance. The Gourlays bought the property through a trust that conceals their names, but several records online confirm they were the residents of the Longwood Avenue home.

The Gourlays could not be reached for comment. Kathryn Mangel, the @properties agent who represented the home along with Kelly Mangel of the same agency, did not respond to Crain’s request for comment.

The buyers, who are not yet identified in public records, were represented by Denis Vishnevskiy of United Realty Group.

The home’s living room opens via a set of arch-topped French doors to the bluestone terrace edged by a classical balustrade and accented with an outdoor fireplace. Steps lead down the bluff to the private stretch of beach, whose length is not specified in the Mangels’ listing.

The 15-room house, a modern take on French Provincial, has two kitchens, an elevator and a wine room. It was built in 2007. Photos that accompanied the listing show a large kitchen, a top-floor office whose pyramidal walls are wood-paneled, and two staircases—one grand, with frilly wrought iron railings and the other a graceful hanging curve.

Although the property has its own private stretch of beach, it’s also less than a block from Glencoe’s pretty town beach. The village’s quaint downtown area is about four blocks from the house.

This sale brings the year-to-date tally of Chicago-area home sales at $4 million or more to 91. In late October, this highest level of the local housing market hit 75 sales, surpassing the most upper-end homes ever sold in a single year .

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