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1375 West Fulton

Charles River Laboratories Leases 8,776 SF At Trammell Crow's Fulton Labs Campus In Chicago
SOLD

Charles River Laboratories Leases 8,776 SF At Trammell Crow's Fulton Labs Campus In Chicago

1375 West Fulton

Building Size

Asset Type

Closing

May 15, 2023

AI

Trammell Crow Company (TCC) has leased 8,776 square feet at its Fulton Labs campus in Chicago to Charles River Laboratories (CRL), adding to CRL's existing space at the location. The lease reflects the growing interest in Chicago's life sciences market and the appeal of the campus for companies seeking expansion opportunities.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not available
  • Address: 1375 West Fulton, Chicago
  • Market: Chicago

The landlord, Trammell Crow Company, was represented by Dan Lyne and Kelsey Scheive from CBRE. Charles River Laboratories was represented by Paul Giannopulos, Matt Schiffler, Brendan Callahan, and Peter Skerrett from JLL.

Players

Morgan Baer-Blaska

Trammell Crow Company

Landlord

2 deals

Landlord

Fulton CRE Market Snapshot

Boundary boundary · CRE · Sale 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