Suffredin- For a Better Cook County  
 

Accountability
Forest Preserves
Public Safety
Cook County Budget
Forest Pres. Budget
Property Tax Appeal
Health & Hospitals
Land Bank Authority
Policy Resolutions
Unsung Heroine

 

   
 
   
   
 
   
     
  Office phone numbers:  
   
 
 

The Cook County Code of Ordinances are the current laws of Cook County.

   
 

Search current and proposed Cook County Legislation in Larry's exclusive legislative library.

   
  The Cook County Law Library is the second largest County law library in the nation.
   
     
     
     



Cook County moving to put prime office space on the market

Thursday, October 04, 2012
Crain's Chicago Business
by Greg Hinz

Cook County is preparing to lease out what may be the most desirable property it owns, hoping to pull in $1 million from rents on unneeded office space in the central Loop.


Likely to go on the market as soon as early 2013 are the top two floors of the county-owned George Dunne office building at 69 W. Washington St., right across the street from the plaza of the Daley center and a few steps from City Hall and the Thompson state building.


The views from what amounts to the building's penthouse are said to be spectacular, and the floor plate isn't too large: 20,000 square feet of usable space on both the 35th and 36th floors.


A final decision to rent the space has not yet been made. But sources close to Cook County Board President Toni Preckwinkle said she is "strongly considering" including the plan in the new budget she'll unveil late this month.

Aides say the pending move will be one of a series of innovative, strategic efforts to raise needed cash and cut expenses without raising taxes.


The space now is occupied by Ms. Preckwinkle's staff. But I'm told that as few as five people have space there now, and that two large conference rooms are rarely used.


The Dunne building has a notorious past.


Originally named the Brunswick Building when it opened in 1962, it was later occupied by the county and was the location of a deadly fire in 2003 that killed six people after they became trapped in stairwells.


Since then the building has been renamed, and the county is spending $4 million to upgrade the top two floors to today's standards. GrubHub, the fast-growing Internet food-delivery company, just took the top three floors at 111 W. Washington.

Ms. Preckwinkle reportedly is interested in a 10-year lease on the space, at $1 million a year or more.


That may be achievable. According to the latest quarterly report by Los Angeles-based CBRE, the average asking rent for Class A office buildings in downtown Chicago was $37.98 per square. To get $1 million, the county would have to net $25 per square foot.


The county also has commissioned a U.S. Equities study of its overall real estate needs. That report is due back next year.




Recent Headlines

Woman, 19, arrested after escaping police custody at Cook County courthouse
Sunday, December 09, 2018
WLS ABC Chicago 7

Here's an exciting prospect: A boring assessor's office
Saturday, December 08, 2018
Crain's Chicago Business

Sheriff starts unique inmate program to combat Chicago's gun epidemic
Thursday, December 06, 2018
RTV 6 Indianapolis

Staff feud at tax appeals board turns nasty
Wednesday, December 05, 2018
Crain's Chicago Business

Cook County Tax Bills Posted Online Three Months Early
Wednesday, December 05, 2018
CBS Chicago

County Board makes it easier to choose Preckwinkle successor
Tuesday, December 04, 2018
Chicago Sun-Times

New Cook County assessor vows end to favoritism as he takes office
Monday, December 03, 2018
Crain's Chicago Business

New Cook County Board members sworn in Monday
Monday, December 03, 2018
Chicago Tribune

Cook County referendums: 'Yes' to everything
Wednesday, November 28, 2018
Chicago City Wire

Glenview to discuss Cook County minimum wage, paid sick leave ordinances in December
Tuesday, November 27, 2018
Chicago Tribune

Wilmette reverses course, fully adopts both county minimum wage and sick time rules
Tuesday, November 27, 2018
Chicago Tribune

What Pritzker's minimum wage increase plan could mean for the suburbs
Monday, November 26, 2018
Daily Herald

Cook County sheriff’s vehicle struck during ISP pursuit on I-294
Sunday, November 25, 2018
Chicago Sun-Times

Cook County 'Tails' program offers redemption for inmates, dogs
Thursday, November 22, 2018
Daily Herald

Cook County correctional officer owns bar where security guard Jemel Roberson shot by cop, officials say
Wednesday, November 21, 2018
Chicago Tribune

More than 2 months after sisters were killed in crash with Cook County sheriff's officer, family still waits for answers
Wednesday, November 21, 2018
Chicago Tribune

Jail guard’s retaliation suit can proceed
Monday, November 19, 2018
Chicago Daily Law Bulletin

Northbrook will revisit Cook County minimum wage ordinance in May
Sunday, November 18, 2018
Chicago Tribune

Suffredin: County to seek 'safeguards' for golf course road
Friday, November 16, 2018
Evanston NOW

She's been waiting 15 months for her rape kit to be processed. A new proposal to track evidence aims to change that.
Wednesday, November 14, 2018
Chicago Tribune

all news items

Paid for by Larry Suffredin and not at taxpayer expense. A Haymarket Production.
^ TOP