A car passes in front a McDonald's Corp. restaurant in Oak Brook, Illinois, U.S., on July 12, 2013.
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June 13, 2016 12:05 PM EDT

McDonald’s will move its headquarters to downtown Chicago by spring 2018, the company announced Monday.

McDonald’s was headquartered in Chicago from 1955 to 1971, and now it’s returning to the Windy City. Currently, it’s located in Oak Brook, a Chicago suburb about half an hour from the city. McDonald’s has signed a lease at 1045 W. Randolph St. in Chicago’s West Loop.

“We are a brand on the move in more ways than one,” McDonald’s President and CEO Steve Easterbrook said in a statement. “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.”

In addition, the new headquarters will house Hamburger University, a learning center for the company’s leaders and employees. Currently, McDonald’s has over 36,000 locations in over 100 countries.

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