title
PROPOSED LEASE AMENDMENT
Department: Department of Real Estate Management
Request: Approve a Fifth Amendment to Lease
Landlord: County of Cook
Tenant: Secretary of State of Illinois
Location: 69 West Washington Street, Lower Level Pedway LL-02
Term/Extension Period: 3/1/2016 - 2/28/2021
Space Occupied: 1,649 Square feet
Monthly Rent: Annual Monthly PSF
$28,313.04 $2,359.42 $17.17
Operating Expenses: In addition to Base Rent, Tenant shall pay its proportionate share of operating
expenses for the building, currently about $9.63 per square foot or $15,879.00 annually
Fiscal Impact: Revenue Generating
Accounts: N/A
Option to Renew: N/A
Termination: N/A
Utilities Included: None. Electricity separately metered and paid by Tenant
Summary: The Secretary of State’s Office will continue to utilize the space for its Drivers Express Facility. The proposed rental rate is within the range of current market rates.
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