Purdue Research Park starting up expansion in West Lafayette
WEST LAFAYETTE, Ind. — Thanks to an influx of startup businesses, the Purdue Research Park is expanding in West Lafayette. The park is investing $12 million in the 60,000-square-foot expansion of the Herman and Heddy Kurz Purdue Technology Center to provide additional space for startups and established companies.
The Purdue Research Park of West Lafayette has been filled to near capacity for three years. Although the new space won’t open until early 2017, about two-thirds, or 40,000 square feet, already has been leased. The 725-acre park, which is the largest university-affiliated business incubation complex in the country, has 51 buildings, nearly 1.7 million square feet of office and lab space, and is home to more than 260 companies that employ about 4,500 people. The park system, in conjunction with the Purdue Foundry, received the 2014 Incubator Network of the Year from the National Business Incubation Association for its work in entrepreneurship.
“There is a lot of activity happening at Purdue in innovation, technology translation and startup creation, and we are literally bursting at the seams with the greater demand from companies for space to build their businesses,” said Dan Hasler, president of Purdue Research Foundation, which manages the Purdue Research Park network. “Not only is the new expansion more than half filled, we are in talks with other entrepreneurs who are interested in moving into the space or who are already in the park and are expanding their own companies and need even more space.”
The two-story expansion is planned for the east side of the Kurz building, located at 1281 Win Hentschel Blvd. About 75 percent of the new area is slated for office and meeting space, with the remainder for research and development.
The expansion plans include:
• A 10,000-square-foot collaborative space for co-working, meetings and a café.
• Built-in wet and dry lab space for research activities.
• Expanded business center for mail services, copying and other office needs.
• An additional 110 parking spaces added to the current 316 for the facility.
Source: Purdue Research Park