{"id":1004488669,"date":"2020-10-30T04:11:20","date_gmt":"2020-10-30T12:11:20","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004488669"},"modified":"2021-05-10T02:04:59","modified_gmt":"2021-05-10T10:04:59","slug":"mcdonalds-hq-trades-for-413m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/mcdonalds-hq-trades-for-413m\/","title":{"rendered":"McDonald\u2019s HQ Trades for $413M"},"content":{"rendered":"<div id=\"attachment_1004488684\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/110-N.-Carpenter-St-e1604056630618.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004488684\" data-attachment-id=\"1004488684\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/mcdonalds-hq-trades-for-413m\/110-n-carpenter-st\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/110-N.-Carpenter-St-e1604056630618.jpg\" data-orig-size=\"1000,750\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"110 N. Carpenter St.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;110 N. Carpenter St.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/110-N.-Carpenter-St-e1604056630618.jpg?w=1000\" class=\"wp-image-1004488684 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/110-N.-Carpenter-St-e1604056630618.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/110-N.-Carpenter-St-e1604056630618.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/110-N.-Carpenter-St-e1604056630618.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/110-N.-Carpenter-St-e1604056630618.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004488684\" class=\"wp-caption-text\">110 N. Carpenter St.<\/p><\/div>\n<p>Despite instability in the office sector, Sterling Bay and JPMorgan Asset Management have sold McDonald\u2019s global headquarters building in Chicago&#8217;s Fulton Market. The 596,000-square-foot property traded for $412.5 million, <em>Chicago Tribune<\/em> reported.&nbsp;<\/p>\n<p>The asset had been on the market since late February and ultimately sold to a Pittsburgh-based family office. The sale price is the highest this year in the metro, as well as an all-time record for the Fulton Market district.<\/p>\n<p>Occupying an entire block at 110 N. Carpenter St., the nine-story building was completed in 2018 as a built-to-suit project on the former site of Oprah\u2019s Harpo Studios. Apart from the corporate office space, the property is home to the Hamburger University training facility and a ground-floor restaurant. The fast-food giant is occupying the space until a lease through 2033.<\/p>\n<p>The LEED Platinum-certified asset features flexible floorplates, a 700-person conference center, collaboration space with stadium seating, a fitness center, several outdoor terrace spaces and on-site parking with a bike room. The ground-floor retail tenant roster includes Walgreens and Federal Express.&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;<\/p>\n<p>Jaime Fink, Jeffrey Bramson, Bruce Miller, Patrick Shields and Sam DiFrancesca from JLL worked on behalf of the sellers, while Keith Largay and Tim Joyce arranged acquisition financing. In July, Sterling Bay received almost $175 million in financing for the construction of a <a href=\"https:\/\/www.commercialsearch.com\/news\/sterling-bay-lands-175m-for-chicago-mixed-use-project\/\">mixed-use high-rise in downtown Chicago<\/a>.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sterling Bay and JPMorgan&#8217;s sale of the Fulton Market asset marks the largest deal to close in Chicago this year.<\/p>\n","protected":false},"author":748,"featured_media":1004488684,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21743,21783,13,21742,21747],"tags":[40328,32796,35274,32779,33247,33248],"class_list":["post-1004488669","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-deals","category-investment","category-midwest","category-latest","category-office","tag-jaime-fink","tag-jll","tag-jpmorgan-chase","tag-leed","tag-mcdonalds","tag-sterling-bay-company"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>McDonald\u2019s HQ Trades for $413M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/mcdonalds-hq-trades-for-413m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"McDonald\u2019s HQ Trades for $413M\" \/>\n<meta property=\"og:description\" content=\"Sterling Bay and JPMorgan&#039;s sale of the Fulton Market asset marks the largest deal to close in Chicago this year.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/mcdonalds-hq-trades-for-413m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-10-30T12:11:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-10T10:04:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/110-N.-Carpenter-St-e1604056630618.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"750\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lucia Morosanu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mcdonalds-hq-trades-for-413m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/mcdonalds-hq-trades-for-413m\/\",\"name\":\"McDonald\u2019s HQ Trades for $413M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mcdonalds-hq-trades-for-413m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mcdonalds-hq-trades-for-413m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/110-N.-Carpenter-St-e1604056630618.jpg\",\"datePublished\":\"2020-10-30T12:11:20+00:00\",\"dateModified\":\"2021-05-10T10:04:59+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1077c2cf363c47bc75d1ab4c42b53bb5\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mcdonalds-hq-trades-for-413m\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/mcdonalds-hq-trades-for-413m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mcdonalds-hq-trades-for-413m\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/110-N.-Carpenter-St-e1604056630618.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/110-N.-Carpenter-St-e1604056630618.jpg\",\"width\":1000,\"height\":750,\"caption\":\"110 N. 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