The buyer of the McDonald’s campus property paid $40 million to close the deal, according to an Illinois Real Estate Transfer Declaration filed June 7 with the DuPage County Recorder of Deeds.
John Paul DeJoria, JPD Oak Brook Holdings, LLC, on filed documents, hasn’t yet talked about his specific plans for the 80-acre campus site, which includes the McDonald’s former campus office building, Hamburger University training facility and the Hyatt branded and managed hotel, The Hyatt Lodge.
In a statement, Perry Higa, senior vice resident of NAI Hiffman, who represented DeJoria in the transaction, said the intention is to maintain the existing use of the property for commercial office, training, corporate meeting space and for other potential commercial users.
Higa said this will allow DeJoria to capitalize on a limited supply of Class A office space on the east side of Oak Brook and the existing state-of-the-art training facility and hotel.
“Everyone acknowledges the significance of the property, both in the culture and history of McDonald’s as well as the village of Oak Brook,” Higa said.
The statement said any plans will respect the beauty and significance of the campus but will transform it to modern standards.
Listed addresses in the transaction between DeJoria and McDonald’s are 2715, 2815 and 2915 Jorie Boulevard.
DeJoria is the co-founder of John Paul Mitchell Systems, a company that has served the professional beauty industry with hair care products and styling tools for nearly 40 years, and of Patron Spirits Company.
Meanwhile, there has not been a closing on the sale of the McDonald’s Plaza site along the north side of 22nd Street near Spring Road, the developer’s attorney Peter Friedman said Tuesday.
That property has been sold to Hines for a $500 million mixed-use project, which has been approved by the Oak Brook Village Board.
The first sale of McDonald’s property in Oak Brook closed in October 2017, with an office building at 711 Jorie Blvd. going to Pennsylvania-based Exeter Property Group for about $14.5 million, according to DuPage County property records
The Oak Brook Park District successfully passed a referendum in November 2018 that provided funds for the $15.8 million February purchase of 34 acres of vacant McDonald’s property that has been used for soccer fields at Jorie Boulevard and Kensington Road.
McDonald’s purchased about 14 acres of the property in 1996 from the park district, which used the $10 million it collected from the sale to build the Family Recreation Center.