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PROPOSED LEASE AMENDMENT
Department: Department of Real Estate Management
Request: Request to Extend Lease Agreement
Landlord: 500-508 North Clark LLC
Tenant: County of Cook, on behalf of the Cook County Sheriff’s Office
Location: 500 N. Clark Street, Chicago, Illinois 60654
Term/Extension Period: 12/1/2024 - 11/30/2025
Space Occupied: 1,580 square feet in Suite 200N
Monthly Rent: None
Fiscal Impact: None
Accounts: N/A
Option to Renew: N/A
Termination: Tenant may terminate, for any reason, upon providing Landlord thirty (30) days written notice, specifying effective date.
Utilities Included: Tenant shall continue to pay utilities that are separately metered to the Premises, which Include electricity for lights, gas, heat and air-conditioning, and outlets.
Summary: The Department of Real Estate Management (DREM) requests approval to extend the lease agreement between 500-508 North Clark, LLC, an Illinois limited liability company ("Landlord") and the County of Cook, a body politic and corporate of the State of Illinois ("Tenant"), on behalf of the Cook County Sheriff’s Office. The initial lease term is two (2) years and eleven (11) months, (January 1, 2022 to November 30, 2024), for approximately 1,580 rentable square feet, suite 200N, located at 500 N. Clark Street.
The Cook County Sheriff's Office shall continue to occupy and use the premises for general office purposes, throughout the extension period of December 1, 2024 to November 30, 2025.
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