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400 North Aberdeen Street

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

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

400 North Aberdeen Street

Building Size

40,000 SF

Asset Type

Office

Closing

Mar 29, 2025

AI

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.

Players

TC
Trammell Crow CompanyLandlord

Mark Zuckerberg

Tenant

$222.3M

vol

18 deals

Tenant

Chicago Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93