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A joint venture between Trammell Crow Co. and Beacon Capital Partners has delivered Hyde Park Labs, a 302,388-square-foot life science building in Chicago. The partnership also opened Southside STEM Station—its STEM engagement center for local youth—on the facility’s ground floor.

The venture topped out the 13-story building in February last year, while vertical construction started in 2023. The developers financed the construction with a $136 million note originated by CalSTRS, according to Yardi Research Data.