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File #: 17-4277    Version: 1 Name: Exoho Harlem Assoc., LLC, North Riverside, Illinois CCHHS 1800 Harlem Ave, North Riverside
Type: Lease Agreement Status: Approved
File created: 7/5/2017 In control: Board of Commissioners
On agenda: 9/13/2017 Final action: 9/13/2017
Title: PROPOSED LEASE AGREEMENT Department: Department of Real Estate Management Request: Request to approve new lease agreement Landlord: Exoho Harlem Assoc., LLC, North Riverside, Illinois Tenant: County of Cook Location: 1800 Harlem Ave., North Riverside, Illinois Term/Extension Period: Ten (10) years, commencement estimated 9/15/2017. Space Occupied: 20,676 sq. ft. Monthly Rent: Years PSF (Rounded) Monthly Annual 1 - 5 $15.50 $26,706.50 $320,478.00 6 - 10 $16.28 $28,050.44 $336,605.28 Fiscal Impact: Approval of this item would commit Fiscal 2017-2027 funds. Accounts: 893-690/550162 Rental and Leasing Option to Renew: Two (2) option periods of five (5) years with no less than nine (9) months written notice to the landlord. Termination: NA Utilities Included: Tenant shall pay for all water, sanitary sewer, gas, electricity, and other utilities used on the Premises to be separately metered. Summary/Notes: The Cook County Ambulatory & Communit...
Indexes: JESSICA CAFFREY, Director, Real Estate Management Division

title

PROPOSED LEASE AGREEMENT

 

Department:  Department of Real Estate Management

 

Request:  Request to approve new lease agreement

 

Landlord:  Exoho Harlem Assoc., LLC, North Riverside, Illinois  

 

Tenant:  County of Cook 

 

Location:  1800 Harlem Ave., North Riverside, Illinois  

 

Term/Extension Period:  Ten (10) years, commencement estimated 9/15/2017.

 

Space Occupied:  20,676 sq. ft. 

 

Monthly Rent: 

Years                     PSF (Rounded)                     Monthly                      Annual  

1 - 5                     $15.50                     $26,706.50                     $320,478.00

6 - 10                     $16.28                     $28,050.44                     $336,605.28

 

Fiscal Impact:  Approval of this item would commit Fiscal 2017-2027 funds.

 

Accounts:  893-690/550162 Rental and Leasing

 

Option to Renew: Two (2) option periods of five (5) years with no less than nine (9) months written notice to the landlord.

 

Termination:  NA 

 

Utilities Included:  Tenant shall pay for all water, sanitary sewer, gas, electricity, and other utilities used on the Premises to be separately metered.

 

Summary/Notes:  The Cook County Ambulatory & Community Health Network, (ACHN) will operate a primary care clinic allowing for expanded services in family medicine, internal medicine, obstetrics, pediatrics, behavioral health and dental services replacing the current Cicero Clinic.

 

This Lease Agreement was submitted and approved by the Health & Hospitals System at their meeting on 5/26/2017.

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