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File #: 20-0982    Version: 1 Name: Lease Agreement Commissioner Lowry at 3619 S State
Type: Lease Agreement Status: Approved
File created: 1/2/2020 In control: Board of Commissioners
On agenda: 1/16/2020 Final action: 1/16/2020
Title: PROPOSED LEASE AGREEMENT Department: Department of Real Estate Management Request: To approve Lease Agreement Landlord: Overton, LLC Tenant: County of Cook Location: 3619 S. State Street, Chicago, Illinois 60609 Term/Extension Period: 2/1/2020 - 11/30/2022 Space Occupied: 1,496 1,693 square feet Monthly Rent: $1,184.00 with 3% annual escalations Fiscal Impact: $41,552.00 $41,408.00 Accounts: 20220 Option to Renew: NA Termination: Tenant may terminate with 60-day written notice Utilities Included: No Summary/Notes: This lease is for Commissioner Lowry's Third District Office. Approval is recommended.
Indexes: JESSICA CAFFREY, Director, Real Estate Management Division

title

PROPOSED LEASE AGREEMENT

 

Department:  Department of Real Estate Management

 

Request:  To approve Lease Agreement

 

Landlord:  Overton, LLC  

 

Tenant:  County of Cook 

 

Location:  3619 S. State Street, Chicago, Illinois 60609  

 

Term/Extension Period:  2/1/2020 - 11/30/2022

 

Space Occupied:  1,496 1,693 square feet 

 

Monthly Rent:  $1,184.00 with 3% annual escalations

 

Fiscal Impact:  $41,552.00 $41,408.00

 

Accounts:  20220

 

Option to Renew:  NA 

 

Termination:  Tenant may terminate with 60-day written notice

 

Utilities Included:  No  

 

Summary/Notes: This lease is for Commissioner Lowry’s Third District Office. Approval is recommended.

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