title
PROPOSED LEASE AMENDMENT
Department: Department of Real Estate Management
Request: Approve a First Amendment to Lease
Landlord: County of Cook
Tenant: Secretary of State of Illinois
Location: 69 West Washington Street, Suite 1220
Term/Extension Period: 11/1/2016 - 10/31/2021
Space Occupied: 10,119 Square feet
Monthly Rent: Annual Base Rent Monthly Base Rent PSF
$205,415.70 $17,117.98 $20.30
Operating Expenses: In addition to Base Rent, Tenant shall continue to pay its proportionate share of operating expenses for the building, currently about $9.26 per square foot or $93,702.00 annually.
Fiscal Impact: Revenue Generating
Accounts: N/A
Option to Renew: N/A
Termination: N/A
Utilities Included: No, Electricity separately metered and paid by Tenant
Summary: The Secretary of State’s Office will continue to utilize the space for its Securities Division. The proposed rental rate is within the range of current market rates.
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