Illinois BidBuy #27-416CMS-LEAS4-B-54385

Awarded 10-year lease for 24,000 square feet of Illinois Department of Human Services office space

The State of Illinois awarded a 10-year lease for Department of Human Services office space in Homewood. - Government buyer: State of Illinois, CMS - Central Management Services, Leasing Department; the attachment identifies the State’s Chief Procurement Office for General Services. The tenant is the Department of Human Services. - Awarded vendor: SS IL REAL ESTATE LLC. - Space requested: 24,000 rentable square feet of office space on the first and second floors at 1055 W 175th Street, Homewood, Cook County, Illinois. - Lease terms and value: Five-year initial term valued at $2,063,520, with a five-year renewal term valued at $2,223,120. Total potential award value is $4,286,640. - Notable requirement: The lease covers the same office premises during the initial and renewal terms. No specific start or end dates are provided.

Description

This is a Notice of Lease Award for the Department of Human Services in Homewood, Cook County, Illinois. The lease covers 24,000 rentable square feet of office space at 1055 W 175th Street, on the first and second floors. The initial term is five years, valued at $2,063,520, with a five-year renewal term valued at $2,223,120. The total award amount is $4,286,640.

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