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Danny Queenan & Johnny Carlson Of Trammell Crow Company Lease 40000 Sq Ft Office To Tenants In Chicago

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LEASED

Illinois

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Office40,000 SF
Leased 03/29/2025
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Property Image
LEASED

Danny Queenan & Johnny Carlson Of Trammell Crow Company Lease 40000 Sq Ft Office To Tenants In Chicago

400 North Aberdeen Street

See Similar Deals
Office40,000 SF
Leased 03/29/2025
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Summary

ILLINOIS
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:40,000 SF
Transaction Type:Lease

The asset involved in this transaction is an office property located at 400 North Aberdeen Street, Chicago. This building encompasses a total square footage of 40,000.0, facilitating a variety of potential uses for its tenants.

Summary of transaction details:

  • Property Type: Office
  • Transaction Date: 03/29/2025
  • Tenant: John Flavin - Portal Innovations; Shana Kelley, Priscilla Chan & Mark Zuckerberg - Chan Zuckerberg Biohub Chicago; Brad Henderson - P33 Chicago
  • Landlord: Danny Queenan & Johnny Carlson - Trammell Crow Company

The deal involved key players such as Danny Queenan and Johnny Carlson, who represent Trammell Crow Company as the landlords. On the tenant side, notable figures include John Flavin for Portal Innovations and Shana Kelley, Priscilla Chan, and Mark Zuckerberg representing the Chan Zuckerberg Biohub Chicago.

Details

LEASED
IMAGE: Johnny Carlson, John Flavin, Danny Queenan, Brad Henderson, Mark Zuckerberg, Shana Kelley & Priscilla Chan DATE: 03/29/2025 ADDRESS: 400 North Aberdeen Street MARKET: Chicago ASSET TYPE: Office ~ SF: 40,000 LANDLORD: Danny Queenan & Johnny Carlson - Trammell Crow Company TENANT: John Flavin - Portal Innovations; Shana Kelley, Priscilla Chan & Mark Zuckerberg - Chan Zuckerberg Biohub Chicago; Brad Henderson - P33 Chicago NOTE: Trammell Crow Company signed three leases totaling 40,000 square feet at 400 North Aberdeen in Chicago’s Fulton Market, with expansions from Portal Innovations and CZ Biohub Chicago and a headquarters relocation for P33 Chicago. Portal grew to 53,000 square feet, CZ Biohub expanded to 41,000 square feet, and P33 signed a 4,300-square-foot lease, all set to occupy by summer 2025.

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Deal Type
Effective Rent (Annual)

$2,292,775.86

Total Lease Value

$22,927,758.62

Net Landlord Cash Flow$2,292,775.86