Billionaire John Paul DeJoria, co-founder of Paul Mitchell hair products, has purchased the 80-acre site. Neither McDonalds nor DeJoria are disclosing how much the sale price was.
"This Campus comes with a rich history and significance to the community, and there's such beauty throughout the entire site. I am honored to continue that legacy, and we look forward to welcoming the next generation of special guests and corporations to the property. There's most certainly going to be a bright future ahead," said DeJoria.
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"We couldn't be more thrilled to have found a trusted buyer in John Paul. We are confident he and his team will represent the vibrancy of Oak Brook as they bring a forward-thinking vision to the future of the McDonald's campus, and we look forward to a long-lasting partnership with their team," said Oak Brook Village President Gopal Lalmalani.
It's not clear what DeJoria plans to do with the property.
Last year, McDonald's moved to a new headquarters in Chicago's West Loop.