File #: 23-3418    Version: 1 Name: Blue Pearl Lease Agreement Amendment
Type: Lease Agreement Amendment Status: Approved
File created: 6/9/2023 In control: Board of Commissioners
On agenda: 6/29/2023 Final action: 6/29/2023
Title: PROPOSED LEASE AMENDMENT Department: Department of Real Estate Management Request: Request to Approve First Amendment to Lease Agreement Landlord: County of Cook, a Body Politic and Corporate Tenant: BluePearl Operations LLC, a Florida Limited Liability Company Location: 820 Frontage Road, Northfield, Illinois Term/Extension Period: 7/1/2023 - 6/30/2028 Space Occupied: Approximately 14,029 square feet Monthly Rent: $33,641.00 (Term of Lease) Fiscal Impact: Revenue Generating Accounts: N/A Option to Renew: One (1), Five (5) Year Renewal Option Termination: County may terminate with 120 day written notice Utilities Included: N/A Summary: Requesting approval of a First Amendment to lease, whereby BluePearl LLC leases certain County-owned property that is located contiguously to 820 Frontage Road, Northfield, Illinois, consisting of approximately 14,029 square feet in size. The leased land will be utilized for parking.
Indexes: QUINCE BRINKLEY, Director, Real Estate Management

title

PROPOSED LEASE AMENDMENT

 

Department:  Department of Real Estate Management 

 

Request:  Request to Approve First Amendment to Lease Agreement 

 

Landlord:  County of Cook, a Body Politic and Corporate   

 

Tenant:  BluePearl Operations LLC, a Florida Limited Liability Company

 

Location:  820 Frontage Road, Northfield, Illinois 

 

Term/Extension Period:  7/1/2023 - 6/30/2028  

 

Space Occupied:  Approximately 14,029 square feet 

 

Monthly Rent:  $33,641.00 (Term of Lease)

 

Fiscal Impact:  Revenue Generating

 

Accounts:  N/A

 

Option to Renew:  One (1), Five (5) Year Renewal Option 

 

Termination:  County may terminate with 120 day written notice 

 

Utilities Included:  N/A 

 

Summary: Requesting approval of a First Amendment to lease, whereby BluePearl LLC leases certain County-owned property that is located contiguously to 820 Frontage Road, Northfield, Illinois, consisting of approximately 14,029 square feet in size. The leased land will be utilized for parking.

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