Razny Jewelers has completed the purchase of 109 E. Oak Street in Chicago. Financial terms of the transaction were not disclosed.
The Razny family purchased the 7,500-square-foot, three-story retail building after assuming the lease in 2016. The property has remained under consistent ownership since the 1930s, when it was first occupied by a jeweler and watchmaker operating on-site, reflecting a longstanding connection to fine jewelry and horology on Oak Street. The Razny family also acquired the adjacent retail property at 107 E. Oak Street in March 2024, giving the family ownership of both properties.
“This acquisition marks an important next chapter in the Razny family’s 75-year commitment to offering natural diamonds, fine jewelry and Swiss timepieces,” said Stan Razny, CEO of Razny Jewelers. “Our focus has always been on delivering a shopping experience built on expertise, personal service and value. This purchase strengthens our presence on Oak Street, unlocks new opportunities and reflects our ambition in jewelry, timepieces, innovation and excellence throughout Chicagoland.”
While the purchase will bring the two neighboring buildings together under the family’s ownership, plans are already underway to reimagine the space. The combined property will more than double Razny’s presence on Oak Street, according to the company, introducing three floors of designer jewelry, a bridal showroom, dedicated salons for Swiss timepieces and a fourth-level private hospitality space for indoor and outdoor entertaining with views of the city.
The expanded location will also include a dedicated Rolex space over two floors that includes private viewing areas, VIP rooms and a Rolex Authorized Service Center. Construction is set to begin in spring 2026. Razny will share additional details and renderings in the coming weeks.
Oak Street is recognized as one of Chicago’s premier luxury shopping districts, home to fashion houses and couture boutiques that draw visitors from across the globe.
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“This acquisition reflects our long-term vision, rooted in three generations of family leadership and commitment to Chicago,” said Ingrid Razny, the company’s president. “It strengthens our ability to deliver a shopping experience defined by service, integrity and exceptional offerings for generations to come.”
Legal and advisory support for the transaction includes Scott Weinstein of Field and Goldberg and David Lahl of Level One Advisory Group, with financing from Amalgamated Bank Chicago.
For more information, visit Razny.com.
