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File #: 18-3830    Version: 1 Name: Puja Enterprise, Inc and Vinod and Nandini Patel Early Edition Assignment
Type: Lease Agreement Amendment Status: Approved
File created: 5/16/2018 In control: Board of Commissioners
On agenda: 6/6/2018 Final action: 6/6/2018
Title: PROPOSED LEASE AMENDMENT Department: Department of Real Estate Management Request: Approval of fourth amendment to lease for lease assignment Landlord: County of Cook Tenant: Puja Enterprise, Inc and Vinod and Nandini Patel Location: 69 W. Washington Street, Lower Level Pedway, Suite LL-10 Term/Extension Period: 5/1/2016 - 4/30/2021 Space Occupied: 1,110 sq. ft. Monthly Rent: $1653.01 Fiscal Impact: $19,836.14 plus $3.00 per sq. ft. annually for operating expenses. Accounts: N/A Option to Renew: N/A Termination: County has the right to terminate lease agreement or agree to assignment Utilities Included: No. Tenant pays leasehold taxes for the premises in addition to rent and operating expenses Summary: Fourth Amendment to Retail Lease between the County of Cook, as Landlord, and Puja Enterprise, Inc. and Vinod and Nandini Patel, as Tenant, assigning the lease for the operation of the "Early Edition" newsstand and sundries shop located...
Indexes: JESSICA CAFFREY, Director, Real Estate Management Division

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PROPOSED LEASE AMENDMENT

 

Department:  Department of Real Estate Management 

 

Request:  Approval of fourth amendment to lease for lease assignment   

 

Landlord:  County of Cook

 

Tenant:  Puja Enterprise, Inc and Vinod and Nandini Patel  

 

Location:  69 W. Washington Street, Lower Level Pedway, Suite LL-10 

 

Term/Extension Period:  5/1/2016 - 4/30/2021  

 

Space Occupied:  1,110 sq. ft. 

 

Monthly Rent:  $1653.01

 

Fiscal Impact:  $19,836.14 plus $3.00 per sq. ft. annually for operating expenses.

 

Accounts:  N/A  

 

Option to Renew:  N/A

 

Termination:  County has the right to terminate lease agreement or agree to assignment 

 

Utilities Included:  No. Tenant pays leasehold taxes for the premises in addition to rent and operating expenses  

 

Summary: Fourth Amendment to Retail Lease between the County of Cook, as Landlord, and Puja Enterprise, Inc. and Vinod and Nandini Patel, as Tenant, assigning the lease for the operation of the “Early Edition” newsstand and sundries shop located on the Pedway level of the George W. Dunne Office Building at 69 West Washington Street, Chicago, Illinois to Navkar Food, Inc and Mayur Mukund as Assignee. The Department of Real Estate Management has reviewed and approved Assignee’s financial condition. Tenant remains responsible under the lease unless the County expressly states that the tenant will no longer be obligated under the lease. Security deposit required by Assignee.

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