Debevoise & Plimpton LLP advised J.P. Morgan Asset Management in 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. For more information, please see Sterling Bay’s press release.
The Debevoise team included real estate partner Edward M. Rishty and associate Christian Frazier.