Purdue Research Foundation Acquires Indianapolis Lab Building for $12.5 Million
The Purdue Research Foundation has acquired a lab building for $12.5 million in Indianapolis.
Indianapolis, IN, July 20, 2026 —
Purdue Research Foundation has finalized the purchase of a laboratory building located in Indianapolis. The transaction, valued at $12.5 million, marks a significant acquisition for the foundation as it continues to expand its research and development infrastructure.
The specific details regarding the previous owner of the building and the exact location within Indianapolis were not immediately available. The building is intended for use as a lab facility, suggesting an expansion of research capabilities or a new hub for scientific endeavors supported by the Purdue Research Foundation.
Further information concerning the immediate plans for the acquired property, including any planned renovations, specific research focus, or the timeline for its operational use, has not yet been disclosed by the Purdue Research Foundation. The acquisition represents an investment in the scientific and technological landscape of Indianapolis.
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