Illinois Institute Of Technology Leases 34K SF Office Space At Fulton Labs In Chicago's Fulton Market

Illinois Institute of Technology has leased 34,000 square feet at Fulton Labs in Chicago's Fulton Market, becoming the first academic institution to join the life sciences campus. The property, located at 400 North Aberdeen Street, is an office asset and is owned by Trammel Crow Co. The lease agreement was facilitated by Morgan Baer-Blaska representing the landlord. The tenant's representative is Max Zwolan and Scott Brandwein from JLL.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not provided
• Address: 400 North Aberdeen Street, Chicago
• Square Footage: 34,000
• Market: Chicago

The lease agreement between Illinois Institute of Technology and Trammel Crow Co. at Fulton Labs marks a significant milestone as it is the first time an academic institution joins the life sciences campus. The focus of the institute's presence at Fulton Labs will be on biomedical and biological engineering research. The tenant is expected to relocate to the leased premises by late summer next year.