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PROPOSED LEASE AGREEMENT
Department: Department of Real Estate Management
Request: Request to Approve New Lease Agreement
Landlord: GMO Properties LLC, an Illinois limited liability corporation
Tenant: County of Cook, a body politic and corporate, on behalf of Commissioner Michael Scott, Jr.
Location: 1425 S. Kedzie Ave., Chicago, Illinois 60623
Term/Extension Period: 6/1/2025 - 11/30/2026
Space Occupied: 1,500 sq. ft.
Monthly Rent: $2,250.00
Fiscal Impact: $43,250.00 (term of lease)
Accounts: 11000.1082.19140.550130
Option to Renew: Four (4), one (1) year renewal options
Termination: N/A
Utilities Included: Yes
Summary/Notes: The Department of Real Estate Management respectfully requests approval of a new lease agreement with GMO Properties LLC, an Illinois limited liability corporation. The space will be used for Commissioner Michael Scott, Jr.’s district office.
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