110 N. Carpenter Rendering, Chicago

December 20, 2016 Comments Off on $209M Construction Loan Set for New McD’s HQ Views: 342 Illinois, Midwest, National News

$209M Construction Loan Set for New McD’s HQ

HFF arranged a $209 million construction loan to aid in developing 110 North Carpenter, the 567,000-square-foot, future global headquarters of McDonald’s Corp. The new building is in Chicago’s Fulton Market District, and scheduled for delivery in spring, 2018.

Michael Kavanau, Tim Joyce and Christopher Knight led the HFF debt placement team in the transaction. HFF worked on behalf of developer Sterling Bay, and institutional investors advised by JPMorgan Asset Management, to place the loan with Bank of America and Wintrust Financial.

Upon its completion, 110 North Carpenter will encompass 485,000 square feet of office space, along with underground parking, ground-floor retail, a rooftop deck and private, outdoor terraces. The building is situated on the acreage that once contained Oprah Winfrey’s Harpo Studios.

Read More at Business Wire

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