J.P. Morgan Asset Management’s $412.5 Million Sale of the McDonald’s Global Headquarters


Debevoise & Plimpton LLP advised J.P. Morgan Asset Management in the transaction.

J.P. Morgan Asset Management executed the $412.5 million sale of 110 N. Carpenter, which serves as the McDonald’s global headquarters. Developed by a joint venture between Sterling Bay, the Chicago-based real estate investment and development firm, and institutional investors advised by J.P. Morgan Asset Management, 110 N. Carpenter is a 575,000 square-foot, newly constructed office building located in Chicago’s Fulton Market neighborhood. The sale marks a Fulton Market record and Chicago’s highest property sale price of 2020.

The Debevoise team advising J.P. Morgan Asset Management included real estate partner Edward M. Rishty (Picture) and associate Christian Frazier.

Involved fees earner: Christian Frazier – Debevoise & Plimpton; Edward Rishty – Debevoise & Plimpton;

Law Firms: Debevoise & Plimpton;

Clients: J.P. Morgan Asset Management;

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Author: Ambrogio Visconti