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710 Clark Street

Danny Queenan Of Trammell Crow Company Leases 17500 SF Office To Cyclopure In Evanston
LEASEDOffice

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

Jonathan Metzl

Cushman & Wakefield

Broker

3 deals

Broker

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