High-rise commercial buildings

Sub Markets

Property Sectors

Topics

Chicago & Midwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Chicago & Midwest  + Office  | 
Ace Hardware will relocate its offices to the former McDonald's campus in Oak Brook, IL

McDonald’s Sells Former Global Headquarters Campus

McDonald’s has sold its formal global headquarters campus in Oak Brook, IL to billionaire entrepreneur Paul DeJoria for an undisclosed sum. He’ll assume ownership of the 80-acre site that includes the former McDonald’s campus office building, Hamburger University training facility and a Hyatt- branded and managed hotel.

JLL’s Scott Miller and Lindsey Fahey represented McDonald’s in the sale. Perry Higa with NAI Hiffman advised the buyer.

“This campus comes with a rich history and significance to the community,” said DeJoria. “I am honored to continue that legacy.”

DeJoria’s plans for the campus weren’t immediately clear.  JLL said the acquisition and future development would be led by a dedicated team based in Austin, TX. Hyatt will continue operating the hotel.

Hines has gotten approvals from the village of Oak Brook to redevelop a 17.5-acre portion of the sprawling campus. That parcel wasn’t included in the sale to DeJoria.


Subscribe to Connect Daily Chicago

For comments, questions or concerns, please contact Paul Bubny

Connect

Inside The Story

Connect With JLL’s MillerConnect With NAI Hiffman’s Higa

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).

  • ◦Development
  • ◦Sale/Acquisition
New call-to-action