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Chicago & Midwest  + Greater Chicagoland  |  July 15, 2018
Paul Bubny
By: Paul Bubny

Redevelopment on the Menu for Former McDonald’s HQ

Hines plans to redevelop part of the former McDonald’s campus in Oak Brook, IL, which the fast-good giant recently vacated for global headquarters in downtown Chicago. Crain’s Chicago Business reported that McDonald’s will sell the site of McDonald’s Plaza, a 349,000-square-foot office building just east of the Oakbrook Center mall, to Hines in a deal arranged by JLL.

Plans call for tearing down McDonald’s Plaza, which was built in 1972, and creating a “new village center” there for the Village of Oak Brook, said Hines’ Greg Van Schaack. The Houston-based owner-developer is expected to seek the village’s approval to build residential, office, hotel and retail space on the site.

“Hines is a world-class, institutional developer, and we have the utmost confidence that they can deliver on an exceptional vision for the Plaza site and the residents of this outstanding community,” said Joe Endres at McDonald’s.

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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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