| Addresses Associated with this Lease |
| Address | City, State, Zip | Property Name | Long Name | Address Detail |
|
1 N Dearborn St
|
Chicago IL 60602
|
CPS Central Office - 14th Floor
|
One North Dearborn - Suite 1400
|
View
|
|
|
| Description: |
14th Fl Sublease
|
| Lease or License Type: |
Board as tenant
|
| Lessor or Licensor: |
CSG Systems, INC. (Sublandlord); OND Property LLC (Landlord)
|
| Lessee or Licensee: |
Board of Education of the City of Chicago (Sublessee)
|
| Board Report: |
22-1207-OP4
|
| Effective Date: |
12/23/2022
|
| Termination Date: |
03/31/2031
|
| Annual Rent: |
$129,587.50 per month for 2023 + annual increases
|
| Maintenance: |
|
| Capital Improvements |
|
| Utilities: |
Electric - separately metered
|
| Other Expenses: |
Operating - included in rent
|
| Notes |
Rent Schedule
January 1, 2024 – December 31, 2024 - $31.00/sq ft - $133,907.08
January 1, 2025 – December 31, 2025 - $32.00/sq ft - $138,226.67
January 1, 2026 – December 31, 2026 - $33.00/sq ft - $142,546.25
January 1, 2027 – December 31, 2027 - $34.00/sq ft - $146,865.83
January 1, 2028 – December 31, 2028 - $35.00/sq ft - $151,185.42
January 1, 2029 – December 31, 2029 - $36.00/sq ft - $155,505.00
January 1, 2030 – December 31, 2030 - $37.00/sq ft - $159,824.58
January 1, 2031 – March 31, 2031 - $38.00/sq ft - $164,144.17
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