Fulton Labs

What Fulton Labs does

Fulton Labs is a private life and health sciences real estate campus located in Chicago's Fulton Market neighborhood, developed and operated by Trammell Crow Company (a subsidiary of CBRE Group, NYSE:CBRE). The campus comprises two purpose-built, next-generation Class A buildings totaling approximately 725,000 rentable square feet: 400 N. Aberdeen (16 floors, 423,460 RSF, delivered Q2 2022) and 1375 W. Fulton (14 floors, 301,260 RSF). Both buildings offer wet and dry laboratory space, office space, in-building vivarium facilities, VC-A vibration criteria labs, column-free floor plates of up to 34,000 sq. ft., 15-foot floor-to-floor heights, and amenities including a rooftop lounge, fitness center, and town hall. Certifications include LEED Gold (1375 W. Fulton), LEED Silver (400 N. Aberdeen goal), and Wired Gold for both buildings, with View Smart Windows deployed throughout for automated daylight and environmental management.

The company serves life sciences, medtech, and bioinformatics tenants across the growth spectrum, from early-stage startups to Fortune 100 biopharma firms, and generates revenue primarily through multi-year commercial leases on lab and office space. Its go-to-market combines enterprise field sales via the CBRE broker network (Dan Lyne as lead contact) with a community-led growth strategy anchored by the Portal Innovations venture development platform, which occupies a 35,000 sq. ft. floor. Named tenants include Portal Innovations, Charles River Laboratories, Xeris Biopharma Holdings, Dimension Inx, Talis Biomedical, and Celadyne. Pricing is quote-based and not publicly disclosed, with flexible configurations ranging from single-tenant full floors to multi-tenant layouts of approximately 16,000 RSF. Fulton Labs does not raise independent venture capital; capital deployment is handled through its parent Trammell Crow Company, with reported development investment exceeding $1 billion.

Name

Fulton Labs

Legal name

Fulton Labs

Website

https://fultonlabs.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Fulton Labs is a private life and health sciences real estate campus in Chicago's Fulton Market, developed by Trammell Crow Company, offering approximately 725,000 sq. ft. of purpose-built wet/dry lab and office space to life sciences, medtech, and bioinformatics companies ranging from startups to enterprise biopharma firms.

Ownership category

akta.pro rank

Product category

Life Sciences Commercial Real Estate

akta.pro primary industry

Life Sciences/Laboratory Property Management (BPAJAGAL)

akta.pro secondary industry

Life Sciences/Lab Tenant Representation (BPAJALAG)

Keywords

• Life sciences real estate
• Commercial lab space
• Wet dry laboratory
• Biotech office leasing
• Life sciences campus

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Commercial Lab & Office Space Leasing: Rental income from leasing purpose-built wet/dry laboratory and office space to life sciences, medtech, and bioinformatics companies. Revenue is generated through long-term commercial leases with configurable tenant spaces ranging from single-tenant full floors to multi-tenant configurations.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels5 records

Core offering

Fulton Labs operates a life and health sciences campus in Chicago's Fulton Market, leasing approximately 725,000 sq. ft. of purpose-built wet/dry laboratory and office space across two Class A buildings (1375 W. Fulton and 400 N. Aberdeen) to life sciences, medtech, and bioinformatics companies. The campus provides flexible single-tenant and multi-tenant configurations, in-building vivarium space, advanced building systems, and turnkey delivery to tenants.

Product overview

Fulton Labs is a life and health sciences campus operator offering two purpose-built commercial laboratory and office buildings in Chicago's Fulton Market: the 1375 W. Fulton building (301,260 RSF) and the 400 N. Aberdeen building (423,460 RSF). The portfolio includes wet/dry lab space, office space, shared amenity floors, and vivarium facilities designed for life sciences, medtech, and bioinformatics companies at various stages of growth.

Differentiator

Problem solved

Functional benefit

Products and services

• 1375 W. Fulton Building A 14-floor, 301,260 RSF life sciences laboratory and office building in Chicago's Fulton Market offering custom-designed first-generation lab space with column-free configurations, in-building bike valet, indoor parking, vivarium access, and LEED Gold and Wired Gold certifications, available for lease to life sciences tenants.
• 400 N. Aberdeen Building A 16-floor, 423,460 RSF Class A laboratory and office building delivered Q2 2022 in Chicago's Fulton Market, featuring 34,000 sq. ft. column-free floor plates, 15 ft. floor height, in-building vivarium, View Smart Windows, rooftop lounge, fitness center, and registered for LEED Silver and Wired Gold certifications, available for lease to life sciences tenants.

Named customers6 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Six partnerships are on record, tiered core.

• Portal InnovationscoreStrategic or Co-development Partner · 1 January 2023Premier venture development platform bridging scientific ideation and value creation in life science, medtech and bioinformatics. Will have significant presence in both campus buildings, occupying a full 35,000 sq. ft. floor at 400 N. Aberdeen. Founded by John Flavin, Co-Founder of MATTER and UChicago's Polsky Center.
• Charles River LaboratoriescoreStrategic or Co-development Partner · 28 November 2022Opened first Chicago location at Fulton Labs with contract vivarium space for biopharmaceutical industry, enhancing access to AAALAC-Accredited, turnkey research programs for tenants.
• Power ConstructioncoreImplementation/ SI/ Consulting Partner · 23 March 2021General contractor for the 400 N. Aberdeen development. Contributing decades of construction experience in Chicago to solve the chronic shortage of lab space in the Chicago area.
• ESG ArchitectscoreTechnology or Integration · 23 March 2021Design and architectural services provider for Fulton Labs buildings, working in partnership with CRB and Power Construction.
• CRBcoreTechnology or Integration · 23 March 2021Lab planning and engineering design support for Fulton Labs, providing specialized expertise in laboratory facility design.
• CBREcoreChannel Partner/ Reseller/ Distributor · 23 March 2021Directing life sciences transaction and advisory work for Fulton Labs. Dan Lyne of CBRE serves as primary leasing contact. TCC is an independently operated subsidiary of CBRE Group, Inc.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• BioMed Realty: Life sciences-focused REIT (acquired by Blackstone) operating Class A lab and office space in major innovation markets. Direct competitor in the life sciences build-to-suit and campus leasing model that Fulton Labs pursues.
• Longfellow Real Estate Partners: Private life sciences real estate investment and development firm operating Class A lab space across multiple US innovation clusters. Direct peer in the specialized life sciences CRE segment with comparable tenant base.
• Wexford Science & Technology: Developer of knowledge communities and life sciences real estate, now part of Welltower. Comparable as a purpose-built innovation district developer with similar tenant profiles (universities, startups, research institutions).
• IQHQ: Life sciences-focused REIT (acquired by BXP/Boston Properties in 2024) developing premier lab campuses in San Diego, Boston, and other markets. Direct peer in purpose-built Class A life sciences real estate development.
• King Street Properties: Life sciences-focused real estate developer with major presence in Cambridge and Boston's innovation district. Direct peer in purpose-built Class A lab and office leasing for life sciences tenants.
• Alexandria Real Estate Equities: The largest publicly traded life sciences REIT, operating Class A laboratory and office campuses in top innovation clusters. Directly comparable to Fulton Labs in business model (mission-driven lab/office leasing to life sciences tenants) and customer base.
• Breakthrough Properties: Life sciences real estate developer backed by TPG and Bellco Capital, focused on Class A lab space in emerging innovation clusters. Direct peer as a venture-backed life sciences developer with similar build-and-lease model.

Broad incumbents

• Brandywine Realty Trust: Philadelphia-based office REIT with a growing life sciences platform in Philadelphia and Austin. Broad incumbent in commercial real estate with an emerging life sciences arm that competes for similar tenant types.
• Healthpeak Properties: Large diversified healthcare REIT with a meaningful life sciences segment (acquired by Physicians Realty in 2024 merger). Broad incumbent in life sciences real estate with overlapping tenant types across outpatient, lab, and medical office.
• Kilroy Realty Corporation: West Coast-focused REIT with a growing life sciences portfolio in San Diego and the Bay Area. Broad incumbent in the lab/office space, overlapping in the life sciences tenant base but with a larger diversified portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/FultonLabs
• LinkedInlinkedin.com/company/fulton-labs

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fulton Labs