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PROPOSED LEASE AGREEMENT
Department: Department of Real Estate Management
Request: Request to Enter Lease Agreement
Landlord: Klairmont Family Associates, L.P., an Illinois limited partnership
Tenant: County of Cook, on behalf of Cook County Sheriff’s Office
Location: 1701 South 1st Avenue, Maywood, Illinois
Term/Extension Period: 3/1/2026 to 2/28/2031 (5 Years)
Space Occupied: 38,143 sq. ft.
Monthly Rent: Base rent is escalated 3% annually
Term Monthly Rent Annual Estimated Estimated Annually
Base Abatement Base Rent Annual Annual
Rent (Months Electric Taxes
1 & 2) Expense
3/1/2026 - $82,643 ($165,286) $991,716 $57,216 $11,203.79 $894,849.79
2/28/2027
3/1/2027 - $85,122 - $1,021,464 $57,216 $11,539.90 $1,090,219.90
2/28/2028
3/1/2028 - $87,676 - $1,052,112 $57,216 $11,886.10 $1,121,214.10
2/28/2029
3/1/2029 - $90,306 - $1,083,672 $57,216 $12,242.68 $1,153,130.68
2/28/2030
3/1/2030 - $93,015 - $1,116,180 $57,216 $12,609.96 $1,186,005.96
2/28/2031
Total- $5,445,420.44
Term Rent/SF Monthly Rent Annual Estimated Estimated Annually
Base Rent Abatement Base Rent Annual Annual
(Months Electric Taxes
1 & 2) Expense
3/1/2026 - 2/28/2027 $32 $101,715 ($203,429) $1,220,576 $57,216 $11,203.79 $1,085,566.46
3/1/2027 - 2/28/2028 $32.96 $104,766 - $1,257,193 $57,216 $11,539.90 $1,325,949.18
3/1/2028 - 2/28/2029 $33.95 $107,909 - $1,294,909 $57,216 $11,886.10 $1,364,011.18
3/1/2029 - 2/28/2030 $34.97 $111,146 - $1,333,756 $57,216 $12,242.68 $1,403,215.03
3/1/2030 - 2/28/2031 $36.02 $114,481 - $1,373,769 $57,216 $12,609.96 $1,443,595.00
Total - ($203,429) $6,480,204 $286,080 $59,482.43 $6,622,336.85
Fiscal Impact: $5,445,420.44 $6,622,336.85 (term of lease)
The Landlord will deliver the Premises, per Tenant’s program and specifications
Accounts: 11100.1214.20340.550130
Option to Renew: One (1), five (5) year renewal option
Termination: N/A
Utilities Included: N/A
Summary/Notes: Requesting approval of a new lease agreement between Klairmont Family Associates, L.P., an Illinois Limited Partnership (as Landlord) and the County of Cook, a body corporate and politic of the State of Illinois (as Tenant), on behalf of the Cook County Sheriff’s Office. The proposed leased premises consists of approximately 38,143 rentable square feet, located on the 7th, 10th and 12th floors of 1701 S. 1st Ave, Maywood, IL.
This space will be utilized by the Cook County Sheriff’s Office to conduct its operations of the following units: Press, HR, Community Engagement, Officer Support/Management Services, Juvenile Justice, Crime Scene Techs, Gun Team, Department of Revenue, Truck and Traffic Unit, Records, and Training.
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