Is McDonald's Mulling A Downtown Move?

McDonald's Oak Brook, IL HQ, which it's vacating to move to Chicago's West Loop
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

Broward Lures Office Tenants Away From Miami-Dade

Gaming & Leisure Stays Bullish On Bally's Casino Project Despite Delays

ISIF Commits €100M To IPUT's €500M Office Development Pipeline

Morningstar Releases New Details On Over 350K SF In Q3 Office Leases

Weil Gotshal Wind-Down Leaves 830K SF Hole In America's Office Market

'Distress Is Finally Trading': Investors Chasing Big Discounts On Boston Office

New Bears Stadium Proposal Floated For Bridgeport

Office Recovery Moving Faster Than Expected, CoStar Finds

How Microsoft, Coca-Cola And Amazon Are Adapting Their Offices For AI Age

Hof Wonen Acquires 251 Social Rental Houses In New Mixed-Use Project In The Hague

Related, Oxford Land Tenant For Top Floors Of 70 Hudson Yards

BXP Execs See Better Returns In Building Offices Than Buying Them