Charles River Laboratories Leases 8,776 SF At Trammell Crow's Fulton Labs Campus In Chicago
1375 West Fulton
Building Size
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Asset Type
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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
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