News
Chicago Office

Is McDonald's Mulling A Downtown Move?

McDonald's Oak Brook, IL HQ, which it's vacating to move to Chicago's West Loop
Photo credit: Courtesy of CoStar

For the second time in six months, the House That Ray Kroc Built is flirting with downtown. McDonald's is reportedly interviewing office tenant brokers to determine who will land the plum assignment of finding downtown office space for the Golden Arches, Crain's reports.

Reports surfaced last summer that McDonald's was close to signing a deal for 350k SF at Prudential Plaza, before McDonald's withdrew. While it's still early in the process, the rumors this time are centered on McDonald's landing at Willis Tower. (Can you imagine the supertall's iconic antennae being replaced with arch-shaped antennae?)

McDonald's CEO Steve Easterbrook told employees at a town hall meeting that costs for repairs and maintenance at the company's Oak Brook HQ are growing more expensive. Easterbrook said in a memo the company is exploring all options. [Crain's]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Chicago Newsletters
Related Stories

JVP Development Is Betting $37M Of Its Own Money That Frisco Is Ready For Spec Office

Hedge Fund Bids $88M For Spirit Airlines' Former HQ

Mars Factory Overhaul Stalls As Candymaker's Chicago Expansion Accelerates

Oyster Point's Second Phase Half-Leased As Kilroy Navigates Soft Lab Demand

BXP Closes In On Next D.C. Office Development As It Shrinks Assets

Clarion Under Contract To Sell 18-Story Seaport Office Tower

Oil Company Expands Again At Cash Register Building

BXP's 343 Madison Lands $1.2B Loan, Nears Deal With Equity Partner

D.C. Sues To Block HUD Headquarters Move To Virginia

Ken Griffin Completes Takeover Of Brickell Block, Setting Stage For $2.5B Megaproject

Private Equity Firm Buys Former Texas Instruments Campus For New Headquarters

DFW Office Footprints Likely To Shrink As AI Use Increases And Companies Battle For Talent