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Meeting date/time:
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11/18/2025
11:00 AM
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Minutes status:
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Draft
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Meeting location:
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Cook County Building, Board Room, 118 North Clark Street, Chicago, Illinois
Issued on: 11/12/2025
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25-4407
| 1 | | | Committee Minutes | COMMITTEE MINUTES
Approval of the minutes from the meeting of 10/22/2025 | | |
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25-4100
| 1 | | 1701 S. 1st Avenue in Maywood, IL Sale and Purchase Agreement | Miscellaneous Item of Business | PROPOSED SUBSTITUTE TO FILE #25-4100
(Asset Management Committee 11/18/2025) - Issued on: 11/14/2025
Department: Department of Real Estate Management
Summary: Requesting approval of a Purchase and Sale Agreement between Cook County and Klairmont Family Associates, LP., an Illinois limited partnership, that will allow the County to purchase 225,000 rentable square foot, 13 story property located at 1701 S. 1st Avenue in Maywood, IL.
The Electronic Monitoring Unit (EMU), currently, occupies 14,400 rentable square feet on the 6th floor, and the Cook County Sheriff’s Office (CCSO) will occupy 38,143 rentable square feet on the 7th, 10th, and 12th floors, totaling 52,543 rentable square feet.
CCSO is relocating the following operations from the Jefferson and Whitcomb buildings: Press, HR, Community Engagement, Officer Support/Management Services, Juvenile Justice, Crime Scene Techs, Gun Team, Department of Revenue, Truck and Traffic Unit, Records, and Training.
Additionally, the State of Illinois will occupy 81,000 rentable square feet in April or May of 2026.
DREM performed an anal | | |
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25-4100
| 2 | | 1701 S. 1st Avenue in Maywood, IL Sale and Purchase Agreement | Miscellaneous Item of Business | PROPOSED SUBSTITUTE TO FILE #25-4100
(Asset Management Committee 11/18/2025) - Issued on: 11/14/2025
Department: Department of Real Estate Management
Summary: Requesting approval of a Purchase and Sale Agreement between Cook County and Klairmont Family Associates, LP., an Illinois limited partnership, that will allow the County to purchase 225,000 rentable square foot, 13 story property located at 1701 S. 1st Avenue in Maywood, IL.
The Electronic Monitoring Unit (EMU), currently, occupies 14,400 rentable square feet on the 6th floor, and the Cook County Sheriff’s Office (CCSO) will occupy 38,143 rentable square feet on the 7th, 10th, and 12th floors, totaling 52,543 rentable square feet.
CCSO is relocating the following operations from the Jefferson and Whitcomb buildings: Press, HR, Community Engagement, Officer Support/Management Services, Juvenile Justice, Crime Scene Techs, Gun Team, Department of Revenue, Truck and Traffic Unit, Records, and Training.
Additionally, the State of Illinois will occupy 81,000 rentable square feet in April or May of 2026.
DREM performed an anal | | |
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25-4101
| 1 | | 3250 N. Arlington Heights Road, Arlington Heights, IL Purchase and Sale Agreement | Miscellaneous Item of Business | PROPOSED SUBSTITUTE TO FILE #25-4101
(Asset Management Committee 11/18/2025) - Issued on: 11/18/2025
Department: Department of Real Estate Management
Summary: Requesting approval of a Purchase and Sale Agreement between Cook County and LWArlington,
LLC that will allow the County to purchase 72,962 rentable square foot, single-story property located at 3250 N. Arlington Heights Road, Arlington Heights, Illinois.
CCH desires to extend its current 24,948 rentable square foot lease, by seven (7) years, allowing it to continue its healthcare operations, through April 30, 2033; additionally, CCH wants to expand its space by 2,430 rentable square feet, totaling 27,378 rentable square feet and an occupancy rate of 37.52%, to begin offering imaging services, effective April 1, 2026.
DREM performed an analysis of three (3) scenarios: (1.) Current Lease, (2.) Extension and expansion, and (3) Purchase, over a ten (10) year term, to determine the Net Present Value (NPV) of each scenario, outlined as follows:
Net Present Value Calculations (Ten (10) year hold period):
NPV, Current Lease (24, | | |
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25-4101
| 2 | | 3250 N. Arlington Heights Road, Arlington Heights, IL Purchase and Sale Agreement | Miscellaneous Item of Business | PROPOSED SUBSTITUTE TO FILE #25-4101
(Asset Management Committee 11/18/2025) - Issued on: 11/18/2025
Department: Department of Real Estate Management
Summary: Requesting approval of a Purchase and Sale Agreement between Cook County and LWArlington,
LLC that will allow the County to purchase 72,962 rentable square foot, single-story property located at 3250 N. Arlington Heights Road, Arlington Heights, Illinois.
CCH desires to extend its current 24,948 rentable square foot lease, by seven (7) years, allowing it to continue its healthcare operations, through April 30, 2033; additionally, CCH wants to expand its space by 2,430 rentable square feet, totaling 27,378 rentable square feet and an occupancy rate of 37.52%, to begin offering imaging services, effective April 1, 2026.
DREM performed an analysis of three (3) scenarios: (1.) Current Lease, (2.) Extension and expansion, and (3) Purchase, over a ten (10) year term, to determine the Net Present Value (NPV) of each scenario, outlined as follows:
Net Present Value Calculations (Ten (10) year hold period):
NPV, Current Lease (24, | | |
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