Duly Health And Care To Lease St. Charles MOB
State of IllinoisState Government · Springfield, IL- Disclosed value
- $250 per rentable square foot Tenant Improvement Allowance; up to $5,500,000 Landlord’s Work Budget; $1,200,000 Development Fee; Base Rent at 7.85% of actual property costs with 2.8% annual escalations
- From proposal
- Document date
- Aug 31, 2026
- Renews
- Free account
The 30-second brief
Midwest Physician Administrative Services, LLC d/b/a Duly Health and Care plans to enter a 15-year triple-net lease with Peerless Development for a new St. Charles medical office building. The lease framework provides a significant tenant improvement allowance, shared development responsibilities, renewal options, and brand equity participation, contingent on CON approval.
Midwest Physician Administrative Services LLC Dba Duly Health and Care holds this facilities contract with State of Illinois.
The renewal date is on record. Get free alerts for pre-RFPs like this one, matched to what you sell.
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Contract details
- Contract type
- Facilities
- Amount
- $250 per rentable square foot Tenant Improvement Allowance; up to $5,500,000 Landlord’s Work Budget; $1,200,000 Development Fee; Base Rent at 7.85% of actual property costs with 2.8% annual escalations
- Document date
- August 31, 2026
- Term
- Initial lease term 15 years with two 5-year renewal options
- Renews
- On record
- Vendor
- Midwest Physician Administrative Services LLC Dba Duly Health and Care
- Agency
- State of Illinois
- Source document
- Illinois Health Facilities and Services Review Board Proposal Application for Permit for Duly Health and Care of Northern Illinois – St. Charles Medical Office Building 2026-08-31 (Proposal)
More State of Illinois contracts
Questions about this contract
Who was awarded the facilities contract by State of Illinois?
Midwest Physician Administrative Services LLC Dba Duly Health and Care was awarded this facilities contract by State of Illinois, as recorded on August 31, 2026. The contract value is $250 per rentable square foot Tenant Improvement Allowance; up to $5,500,000 Landlord’s Work Budget; $1,200,000 Development Fee; Base Rent at 7.85% of actual property costs with 2.8% annual escalations.
How much is the Midwest Physician Administrative Services LLC Dba Duly Health and Care contract with State of Illinois worth?
The Midwest Physician Administrative Services LLC Dba Duly Health and Care contract with State of Illinois is valued at $250 per rentable square foot Tenant Improvement Allowance; up to $5,500,000 Landlord’s Work Budget; $1,200,000 Development Fee; Base Rent at 7.85% of actual property costs with 2.8% annual escalations, covering facilities work.
What type of contract is this?
This is a Facilities contract, documented as a proposal record.
Where was this contract approved?
This contract appears in Illinois Health Facilities and Services Review Board Proposal Application for Permit for Duly Health and Care of Northern Illinois – St. Charles Medical Office Building 2026-08-31 (Proposal), dated August 31, 2026 from State of Illinois. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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