Danny Queenan Of Trammell Crow Leases Office Space To Poul Weihrauch Of Mars In Chicago
400 North Aberdeen Street
Building Size
100,000 SF
Asset Type
Office
Closing
Dec 24, 2025
About this deal
AI
The asset involved in this lease transaction is an office space at 400 North Aberdeen Street, located in the Chicago market. The total leased area is 100,000 square feet, which will facilitate Mars' planned expansion in the area. This lease follows Mars' significant acquisition of Kellanova for $36 billion.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 400 North Aberdeen Street
- Market: Chicago
- Landlord: Danny Queenan - Trammell Crow
- Tenant: Poul Weihrauch - Mars
This transaction features key individuals in the commercial real estate space. Danny Queenan represents the landlord side with Trammell Crow, while Poul Weihrauch represents Mars in this lease agreement. This expansion is likely to affect Mars' existing locations in Goose Island and River North.
On the Map
Office
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Players
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