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PROPOSED LEASE AMENDMENT
Department: Department of Real Estate Management
Request: Request to Renew Lease Agreement
Landlord: The Salvation Army, an Illinois Corporation
Tenant: County of Cook
Location: 55550 Prairie Stone Pkwy, Hoffman Estates, Illinois 60192
Term/Extension Period: 2/1/2025 - 1/31/2030
Space Occupied: 5,941 sq. ft. within the building
Monthly Rent:
Term Annual Rent Monthly Rent
2/1/2025 - 1/31/2026 $92,250.00 $7,687.50
2/1/2026 - 1/31/2027 $92,250.00 $7,687.50
2/1/2027 - 1/31/2028 $92,250.00 $7,687.50
2/1/2028 - 1/31/2029 $92,250.00 $7,687.50
2/1/2029 - 1/31/2030 $92,250.00 $7,687.50
Total Fiscal Impact $461,250.00
Fiscal Impact: $461,250.00 (Term of Lease)
Accounts:
11100.1280.10155.550130
11100.1300.14185.550130
Option to Renew: One (1), Five (5) Year Renewal Option
Termination: N/A
Utilities Included: Yes
Summary: Requesting approval to renew the lease agreement between the County of Cook and the Salvation Army for use of approximately 5,941 sq. ft. of building area in the property located at 55550 Prairie Stone Parkway in Hoffman Estates.
The Office of the Chief Judge seeks to renew this lease in order to operate Cook County’s Adult Probation Department and the department’s partnerships with community providers.
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