Danny Queenan Of Trammell Crow Company Leases 17500 SF Office To Cyclopure In Evanston
710 Clark Street
Building Size
17,500 SF
Asset Type
Office
Closing
Feb 12, 2025
AI
The property asset is located at 710 Clark Street in the Evanston market, designated as office space encompassing 17,500 square feet. This lease transaction involves Cyclopure, a water-purification firm, which has signed a lease agreement for the space within Evanston Labs, a life sciences building owned by Trammell Crow Company.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 710 Clark Street
- Market: Evanston
- Square Footage: 17,500
- Landlord: Danny Queenan - Trammell Crow Company
- Tenant: Frank Cassou & William Dichtel - Cyclopure
- Landlord's Representative: Brandon Green & Dan Lyne - CBRE
- Tenant's Representative: Jack Deroche & Jonathan Metzl - Cushman & Wakefield
This transaction illustrates the involvement of prominent individuals and companies in the real estate sector, with Danny Queenan representing the landlord's interests through Trammell Crow Company. Cyclopure, represented by Frank Cassou and William Dichtel, is aligning its operations closer to Northwestern University, indicating strategic relocation decisions. The landlord's representation is managed by Brandon Green and Dan Lyne from CBRE, while the tenant's side is handled by Jack Deroche and Jonathan Metzl from Cushman & Wakefield.
Players
Evanston 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