Mark Zuckerberg's The Chan-Zuckerberg Biohub Leases Office Space At 1375 West Fulton Street In Chicago
LEASED
$23
Illinois
See Similar DealsOffice26,000 SF
Leased 03/24/2023
LEASED
Mark Zuckerberg's The Chan-Zuckerberg Biohub Leases Office Space At 1375 West Fulton Street In Chicago
1375 West Fulton Street, Chicago, IL 60607
See Similar DealsOffice26,000 SF
Leased 03/24/2023
Summary
ILLINOIS
Asset Type:Office
Price Per Square Foot:$23
Total Square Footage:26,000 SF
Transaction Type:Lease
The lease transaction involving an office asset located at 1375 West Fulton Street in Chicago has been closed. The property spans 26,000 square feet and is owned by TrammellCrows. The tenant of the property is The Chan-Zuckerberg Biohub, represented by Mark Zuckerberg. The lease was signed on 03/24/2023.
Summary of transaction details
- Property Type: Office
- Transaction Date: 03/24/2023
- Address: 1375 West Fulton Street, Chicago
- Market: Chicago
- Landlord: TrammellCrows
- Tenant: The Chan-Zuckerberg Biohub - Mark Zuckerberg
- Asking Rent: $23.75/ft. (~SF: 26,000)
Mark Zuckerberg, the co-founder of Facebook, represented The Chan-Zuckerberg Biohub in this lease agreement. The property, located at 1375 West Fulton Street in Chicago, was leased from TrammellCrows. The lease was signed on 03/24/2023, and the asking rent for the 26,000 square feet office space was $23.75 per square foot.
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$707,894.55
Total Lease Value
$7,078,945.47
Net Landlord Cash Flow$707,894.55
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