File #: 19-1187    Version: 1 Name: Galewood Plaza LLC Commissioner Johnson District Office Lease
Type: Lease Agreement Status: Approved
File created: 1/10/2019 In control: Board of Commissioners
On agenda: 1/24/2019 Final action: 1/24/2019
Title: PROPOSED LEASE AGREEMENT Department: Department of Real Estate Management Request: Request to Approve New Lease Landlord: Galewood Plaza LLC Tenant: County of Cook, for the Use of Commissioner Brandon Johnson Location: 6614 W. North Avenue, Chicago, Illinois Term/Extension Period: 2/1/2019-11/30/2022 Space Occupied: 1,100 Sq. Ft. Monthly Rent: $1,633.33 Fiscal Impact: FY19-22 $71,866.52 FY19-22 CAM $40,333.00 Accounts: 11000.1081.14040.550130 - Facility and Office Space Rental Option to Renew: N/A Termination: By Tenant with sixty days prior written notice, provided unamortized cost of improvements is paid upon termination which totals $22,985.00 or approximately $499.67 per month. Utilities Included: Not included. Summary/Notes: Requesting approval of new Lease at 6614 W. North Avenue, Chicago, Illinois, for the use of Commissioner Brandon Johnson's 1st District field office.
Indexes: (Inactive) JESSICA CAFFREY, Director, Real Estate Management Division

title

PROPOSED LEASE AGREEMENT

 

Department:  Department of Real Estate Management

 

Request:  Request to Approve New Lease

 

Landlord:  Galewood Plaza LLC  

 

Tenant:  County of Cook, for the Use of Commissioner Brandon Johnson  

 

Location:  6614 W. North Avenue, Chicago, Illinois  

 

Term/Extension Period:  2/1/2019-11/30/2022  

 

Space Occupied:  1,100 Sq. Ft.  

 

Monthly Rent:  $1,633.33

 

Fiscal Impact:  FY19-22 $71,866.52

FY19-22 CAM $40,333.00

 

Accounts:  11000.1081.14040.550130 - Facility and Office Space Rental  

 

Option to Renew:  N/A  

 

Termination: By Tenant with sixty days prior written notice, provided unamortized cost of improvements is paid upon termination which totals $22,985.00 or approximately $499.67 per month.

 

Utilities Included:  Not included.  

 

Summary/Notes:  Requesting approval of new Lease at 6614 W. North Avenue, Chicago, Illinois, for the use of Commissioner Brandon Johnson’s 1st District field office.

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