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400 North Aberdeen Street

Danny Queenan Of Trammell Crow Leases Office Space To Poul Weihrauch Of Mars In Chicago
LEASEDOffice

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

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.

Players

Danny Queenan

Trammell Crow

Landlord
Landlord
Poul Weihrauch

Poul Weihrauch

Mars

Tenant

1 deal

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