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PROPOSED LEASE AGREEMENT
Department: Department of Real Estate Management
Request: Approval of a new Lease Agreement
Landlord: County of Cook
Tenant: Chicago Cook Workforce Partnership, an Illinois not-for-profit corporation
Location: 69 West Washington St., 28th floor, Chicago, Illinois
Term/Extension Period: 1/1/2021 - 12/31/2022
Space Occupied: 12,470 sq. ft.
Monthly Rent: Approximately $11,806.00 per month adjusted annually per the operating expense
Fiscal Impact: Revenue Generating
Accounts: N/A
Option to Renew: Three, 1- year renewal options
Termination: 180-days written notice, either party
Utilities Included: Yes, except tenant pays electricity.
Summary/Notes: Requesting approval of a new lease between the County of Cook as Landlord and Chicago Cook Workforce Partnership, an Illinois not-for-profit corporation as tenant, on the 28th Floor of the building located at 69 W. Washington Street in Chicago. Approval is recommended.
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