title
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 Office of the Chief Judge (OCJ)
Location: 1701 South 1st Avenue, Maywood, Illinois
Term/Extension Period: 8/1/2025 - 7/31/2030
Space Occupied: 14,400 sq. ft.
Monthly Rent:
Term Annual Base Rent Est. Electric Annual Security Est. Taxes Annually
8/1/2025 - 7/31/2026 $460,800.00 $57,600.00 $85,722.00 $50,400.00 $654,522.00
8/1/2026 - 7/31/2027 $474,624.00 $57,600.00 $85,722.00 $51,984.00 $669,930.00
8/1/2027 - 7/31/2028 $488,856.00 $57,600.00 $85,722.00 $53,424.00 $685,602.00
8/1/2028 - 7/31/2029 $503,532.00 $57,600.00 $85,722.00 $55,008.00 $701,862.00
8/1/2029 - 7/31/2030 $518,640.00 $57,600.00 $85,722.00 $56,592.00 $718,554.00
Total $2,446,452.00 $288,000.00 $428,610.00 $267,408.00 $3,430,470.00
Fiscal Impact: $3,430,470.00
Accounts: 11100.1280.14805.550130.00000.00000
Option to Renew: One (1), Five (5) year renewal option
Termination: N/A
Utilities Included: Electric to be paid by tenant
Summary/Notes: Requesting approval to enter into a new lease agreement between Klairmont Family Associates, L.P., an Illinois Limited Partnership (as Landlord), and County of Cook, a body politic and corporate (as Tenant), on behalf of the Chief Judge's Office. The proposed leased premises consist of approximately 14,4000 rentable square feet, located on the 6th floor at 1701 S. 1st Ave, Maywood, IL.
The space will be utilized by the Office of the Chief Judge's Office, to establish a new office for the Electronic Monitoring Unit, formerly operated by the Cook County Sheriff's Office.
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