Chicago Transit Board Approves ShipBob Lease at 120 North Racine Avenue

The Chicago Transit Board made significant strides in its August 13, 2025 meeting, notably approving a new lease agreement with ShipBob Inc. for a property at 120 North Racine Avenue. This decision comes as the current lease with Randolph Racine is set to expire on September 1, 2025. The new arrangement allows ShipBob to lease the space directly from the Chicago Transit Authority (CTA) on a month-to-month basis at a rate of $15,000 per month.

The board unanimously supported the motion to place this item on the omnibus for approval, reflecting a strong consensus among directors. Chairman Barclay and other board members expressed no questions or concerns regarding the lease, indicating a smooth transition in the leasing process.

In addition to the lease discussion, the board reviewed multiple contract awards related to transit operations, finance, planning, and administration. Each contract was met with no questions from board members, leading to their collective approval for inclusion in the omnibus.

The meeting concluded with a motion to adjourn, marking a productive session for the Chicago Transit Board as it continues to navigate its operational agreements and contracts effectively. The approval of the lease with ShipBob is expected to enhance the CTA's property management strategy and maintain operational continuity as existing agreements expire.