Trammell Crow Company has announced that it signed a new lease within its Fulton Labs life science campus for Mattiq. The clean chemistry company will occupy 17,377 square feet of space on the sixth floor of 400 North Aberdeen, located in Chicago’s Fulton Market neighborhood. Mattiq will move into the space in September 2024 and will focus on growing the company’s electrochemical solutions portfolio to bring cost-competitive, low-carbon chemical products to market.
“In 2023, our Fulton Labs team had incredible momentum in the leasing of the state-of-the-art life science campus, having signed deals for over 120,000 square feet of space at both 1375 West Fulton and 400 North Aberdeen,” shared TCC‘s John Carlson. “We are energized to build off of this momentum into 2024, starting with this lease for Mattiq, a highly innovative company that will utilize its new office and lab space to further the development and application of its technology across a range of industries and use cases. Mattiq joins an incredible roster of like-minded tenants, and we are excited to welcome them to the building later this year.”
Spun out of Northwestern University by co-founders Professor Chad Mirkin and Dr. Andrey Ivankin, Mattiq announced a $15 million seed financing round in 2022. Mattiq has quickly gained substantial market attention as it strives to profitably decarbonize the “hard-to-abate” chemicals industry, which accounts for approximately ten percent of global carbon emissions. Mattiq’s arrival brings a key emerging player in climate technology to Fulton Labs.
“Fulton Labs is the ideal space to continue our company’s growth and will support our efforts to profitably decarbonize the chemicals, fuels, and plastics that power our world,” said Jeff Erhardt, CEO of Mattiq. “Our new office will help us attract more industry-leading science and engineering talent, bringing more clean jobs to the area. More broadly, we are proud to continue our trajectory in our home city and help establish Chicago as a hub for climate technology.”
Dan Lyne of CBRE represented TCC in the deal, while Max Zwolan and Scott Brandwein of JLL represented Mattiq. The company joins a roster of innovative tenants at 400 North Aberdeen, including Portal Innovations, the Chan-Zuckerberg BioHub, the Chicagoland Climate Investment Alliance, and Illinois Institute of Technology.