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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
Utilitie...
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