Lease Agreement with KNM Development for New ASTC

Stern Cardiovascular Surgery Center’s proposed ambulatory surgical treatment center will be housed in leased space at 1275 South Germantown Road under an option-to-lease agreement with KNM Development Group LLC, with lease costs comprising a significant portion of the $23.9 million project budget. The lease arrangement enables renovation of approximately 25,000 square feet for cardiac catheterization and electrophysiology services.

Scope & details

The full contract record, as filed.

Contract type

FACILITIES

Contract term

Option to lease; facility lease costs budgeted at $3,820,673 within total project cost

Document type

Report

Source document

Health Facilities Commission Application Review Stern Cardiovascular Surgery Center, LLC 2026-07-22

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by Pickett County?

Knm Development Group Llc was awarded this facilities contract by Pickett County, as recorded on July 22, 2026.

What type of contract is this?

This is a Facilities contract, documented as a report record.

Where was this contract approved?

This contract appears in Health Facilities Commission Application Review Stern Cardiovascular Surgery Center, LLC 2026-07-22 (Report), dated July 22, 2026 from Pickett County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Knm Development Group Llc hold?

Knm Development Group Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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