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File #: 20-4182    Version: 1 Name: New Lease Agreement with Chicago Cook Workforce Partnership
Type: Lease Agreement Status: Approved
File created: 9/9/2020 In control: Board of Commissioners
On agenda: 9/24/2020 Final action: 9/24/2020
Title: 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.
Indexes: JESSICA CAFFREY, Director, Real Estate Management Division

title

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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