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Log In / Register | May 27, 2018

McDonald’s Corp to Move to Downtown Chicago

McDonald's Corp in Oak Brook, Illinois
McDonald's Corp. headquarters in Oak Brook, Illinois. (photo:marketwire)

OAK BROOK, Ill.—McDonald's Corp. (NYSE: MCD) announced this morning that it will move its corporate headquarters from Oak Brook, Illinois, a suburb of Chicago, to downtown Chicago. The company says the move will be completed by spring of 2018.

McDonald's Corp. signed a lease at 1045 W. Randolph St. in Chicago's vibrant West Loop neighborhood.

"We are a brand on the move in more ways than one," said McDonald's President and CEO Steve Easterbrook. "Moving our headquarters to Chicago is another significant step in our journey to build a better McDonald's. This world-class environment will continue to drive business momentum by getting us even closer to customers, encouraging innovation and ensuring great talent is excited about where they work."

The move by the company that oversees 36,000 franchised and company restaurants in 100 countries marks a return to Chicago where a humbler company was headquartered from 1955 to 1971.

"McDonald's looks forward to returning to the Chicago community where we started and to building together the next chapter of success in the history of this great company," said Rick Hernandez, chairman of the McDonald's board of directors. "Today's announcement is about more than just a new location for us. It is an important investment in our people as we look to create a state-of-the-art company headquarters they can use to move our business forward for many years to come."

The new headquarters will also house Hamburger University, one of seven worldwide locations, providing a learning center for the company's franchisees and restaurant employees.

"McDonald's, welcome back to sweet home Chicago," Mayor Rahm Emanuel said. "McDonald's has identified the keys to success to today's global market, talent, technology, and access to transportation networks, and they recognize these as Chicago's strengths. I'm proud to welcome them to our dynamic city."

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Don Sniegowski is editor of Blue MauMau, the daily news journal for franchise & small business owners. Call him at +1 (270) 321-1268, tweet @bluemaumau or email don@bluemaumau.org.