Trammell Crow Company (TCC) has signed Talis Biomedical Corporation as a tenant at its Fulton Labs at 1375 W. Fulton development. Talis will join other leading life sciences companies, including Xeris Pharmaceuticals and Portal Innovations, that call Fulton Labs home.
Talis, represented by David Saad and Chad Freese with CBRE, will occupy 26,432 square feet of advanced lab, office and chemical storage space. The new lease expands Talis’ presence in Chicago and complements their current operations in California.
Fulton Labs at 1375 W. Fulton is part of TCC’s 725,000-square-foot Fulton Labs campus—offering advanced lab spaces with next-generation technology and invigorating amenities for health and life sciences companies in Chicago’s Fulton Market neighborhood. The campus is comprised of the 300,000-square-foot building at 1375 W. Fulton and a 425,000-square-foot building nearby at 400 N. Aberdeen, which broke ground in July 2020. TCC anticipates the latter best-in-class laboratory facility to be complete by early 2022.
“We made the decision to bet on Chicago because we knew how incredible the depth of life sciences talent and demand for advanced R&D lab space was in the area,” said Johnny Carlson, principal at TCC “With Fulton Labs, our goal is [to] provide the infrastructure needed to retain and attract life sciences talent to this region. With more than 82,000 square feet leased in just the last six months of otherwise sluggish market activity, it is clear that we are providing Chicago a prime destination for life science innovation.”
Chicago’s abundance of major research institutions, universities and Fortune 100 life and health sciences companies provides the region with an incredible talent pool, making it a hotbed for investment and innovation. According to CBRE research, over the past three years, Chicago has had the largest percentage increase in life sciences venture capital of any major U.S. market. These factors have fueled major growth in the Chicago life sciences industry, along with demand for lab space in the region.