The McDonald's headquarters building has sold for an estimated price of $412 million. The new owner was an unnamed family office based in Pittsburgh, Penn.
The sellers were Sterling Bay and partner J.P. Morgan Asset Management. Sterling Bay developed the 575,000-square-foot building on the former site of Oprah Winfrey's Harpo Studios.
“Completing the sale of 110 N. Carpenter in the midst of an uncertain economic market is a testament to the city of Chicago’s ability to attract outside investment and secure important capital for its future,” said Andy Gloor, Sterling Bay CEO.
110 N. Carpenter serves as the global headquarters of the No. 1 highest-grossing fast food chain in the world, serving nearly 69 million customers daily in nearly 120 countries. Completed in 2018, the building features flexible floor plans, floor-to-ceiling window lines, a 700-person conference center, collaboration space with stadium seating, a fitness center with picturesque view
