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25-3390
| 2 | | | Committee Minutes | COMMITTEE MINUTES
Approval of the minutes from the meeting of 6/11/2025 | | |
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25-2987
| 1 | | 161 N. Clark Newco LLC Lease Renewal | Lease Agreement Amendment | PROPOSED LEASE AMENDMENT
Department: Department of Real Estate Management
Request: Request to Renew Lease Agreement
Landlord: 161 North Clark Newco LLC
Tenant: County of Cook
Location: 161 N. Clark, Chicago, Illinois 60601
Term/Extension Period: 10/1/2026 - 9/30/2029
Space Occupied: 126,386 sq. ft.
Monthly Rent: All totals include associated base rent, rent abatement, estimated operating expenses, estimated tax expenses, and estimated work order expenses:
10/1/2026 - 9/30/2027 $4,799,838.57
10/1/2027 - 9/30/2028 $4,931,584.73
10/1/2028 - 9/30/2029 $1,154,484.96
Fiscal Impact: $10,885,908.26
Accounts: 11000.1490.33930.550130.00000.00000
Option to Renew: N/A
Termination: N/A
Utilities Included: Yes
Summary: Requesting approval to refer to the Asset Management Committee, for its consideration and approval, a three (3) year renewal of the lease between 161 North Clark Newco LLC, a Delaware Limited Liability Company, (as Landlord and the successor-in-interest to 161 N. Clark Owner, LLC) and the County | | |
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25-2994
| 1 | | BNSF Purchase and Sale Agreement | Miscellaneous Item of Business | PROPOSED MISCELLANEOUS ITEM OF BUSINESS
Department: Department of Real Estate Management
Summary: Requesting approval of the Purchase and Sale Agreement that will allow Cook County to purchase a 5.615 acre land parcel from the BNSF Railway Company, at a price of $18.00 psf.
The unimproved property, which is adjacent to the Department of Corrections Campus, is a critical component in the execution of the long-term strategic plans for the Cook County Sheriff’s Vehicle Maintenance Operation and the Office of the Chief Judge’s Electronic Monitoring Unit.
Seller: BNSF Railway
Purchaser: County of Cook
Location: 2501 and 2600 W. 26th Street
Fiscal Impact: $4,666,765.54
Account String: 11569.1031.11190.560305.00000.00000 (Capital Improvement Program)
Upon Board approval of the proposed Purchase and Exchange Agreement, the approval shall include the following authorizations:
(i) For the Real Estate Director to execute any and all notices; and
(ii) For the President or the Real Estate Director to execute any and all documents and instruments and to take su | | |
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25-2995
| 1 | | Illinois Medical District Commission Purchase and Exchange Agreement | Miscellaneous Item of Business | PROPOSED MISCELLANEOUS ITEM OF BUSINESS
Department: Department of Real Estate Management
Summary: Requesting approval of a Purchase and Exchange Agreement between Cook County and the Illinois Medical District Commission (IMDC). Cook County will exchange its property, located at 2121 W. Harrison Street (the current medical examiner’s office), which is a 2.46-acre, improved site, for the IMDC’s 3.67-acre, flat surface site, located at 701 S. Leavitt.
The exchange will enable Cook County to construct a larger, state-of-the-art, Medical Examiner’s Office, while remaining in its current location, until the new facility is constructed, within the IMD. The details are provided below:
Exchange Partner: Illinois Medical District Commission
Exchange Partner: County of Cook
Exchanged Properties: 701 S. Leavitt Street, and 2121 W. Harrison Ave., Chicago, IL
Fiscal Impact: $3,986,382.00
Account String: 11569.1031.11190.560305.00000.00000 (Capital Improvement Program)
Upon Board approval of the proposed Purchase and Exchange Agreement, the approval shall include the foll | | |
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