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* Purdue Research Park, in partnership with Holladay Properties, will develop a new technology park to help establish new business and improve existing ones. (2 minutes 8 seconds)
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* Jischke speaks on plans for Indianapolis-based technology park
* Holladay Properties Inc. vice president remarks on Purdue's Indianapolis-based technology park

June 28, 2007

Purdue announces new Indianapolis-based accelerator park

INDIANAPOLIS and WEST LAFAYETTE, Ind. -
Purdue Research Park
office structure

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The Purdue Research Foundation announced Thursday (June 28) that it will establish an Indianapolis- based technology park that will help high-tech entrepreneurs create new businesses and promote the expansion of established companies.

The new Purdue Research  Park at AmeriPlex-Indianapolis, which is being created in partnership with Holladay Properties Inc., will accommodate up to 75 businesses and create 1,500 jobs with an average annual salary of $54,000. The park will be located along the I-70 corridor and near the midfield terminal of the Indianapolis International  Airport.

The 78-acre site was purchased by the Purdue Research Foundation and Holladay Properties, a South Bend-based national real estate development company that has several projects in Indiana cities that include Elkhart, Fort Wayne, Indianapolis, Merrillville, New Albany, Portage and South Bend. Purdue officials worked with Holladay for nearly a year to finalize the project. The Purdue accelerator park is the centerpiece of the latest 400-acre phase of AmeriPlex-Indianapolis, a nearly 1,500-acre development.

Martin C. Jischke
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"A successful technology park requires vision and practical experience, and this new park has both," said Purdue University President Martin C. Jischke. "This facility is situated in the heart of the state and is so close to the Indianapolis International Airport that it will provide an additional incentive for owners of national and international companies to look at Indiana as a convenient place to do business."

The Indianapolis accelerator park will include:

* A 100,000- to 150,000-square-foot industrial flex building.

* A 50,000- to 70,000-square-foot multistory office building.

* The potential for four additional buildings for companies to accelerate business opportunities.

* A 300-bed, six-story hotel with a 30,000-square-foot conference center.

* Three sites for restaurants or retail shops.

"This is the fourth technology park that the Purdue Research Foundation owns and operates in Indiana, and at each location entrepreneurs and business owners benefit from the broad expertise that Purdue brings to the table," Jischke said.

Purdue's other established technology parks in the state are the Purdue Research Park in West Lafayette, Purdue Technology Park of Northwest Indiana and the Purdue Technology Center of Southeast Indiana. 

Joseph B. Hornett
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"From the northwest corner of the state to the southeast corner, Purdue is creating a pipeline for innovating, creating, developing and expanding business in Indiana," said Joseph B. Hornett, Purdue Research Foundation senior vice president, treasurer and COO. "Like our other sites in West Lafayette, Merrillville and New Albany, the Purdue Accelerator Park in Indianapolis will provide entrepreneurs with a supportive environment to pursue their professional goals."

Purdue previously partnered with Holladay Properties on the Merrillville-based Purdue Technology Center of Northwest Indiana.

John Phair
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"We have a strong working relationship with the Purdue Research Foundation, and the Indianapolis park will be modeled after the successful Merrillville technology center," said John Phair, CEO of Holladay Properties. "The partnership to develop the Purdue Accelerator Park at AmeriPlex-Indianapolis is a cornerstone in our plans to develop the remaining 400 acres near the Indianapolis International Airport."

Purdue and Holladay Properties are coordinating the project with the city of Indianapolis and the Indiana Economic Development Corp.

Bart Peterson
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"Together with the city's Life Sciences Initiative and the midfield airport terminal, the Purdue Accelerator Park at AmeriPlex-Indianapolis will help us position our city as a center of high-tech, forward-thinking innovation," said Indianapolis Mayor Bart Peterson.

In addition to assisting with the Indianapolis site, the Indiana Economic Development Corp. has worked with Purdue on its other technology parks around the state.

Nathan Feltman
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"Indiana is always looking for opportunities for high-tech companies to establish or expand in the state," said Nathan Feltman, executive vice president for the Indiana Economic Development Corp. "Purdue has demonstrated great success at its high-tech parks, and this new venture will benefit the entire state." 

Purdue Research Foundation's other Indiana technology parks are:

* The Purdue Research Park in West Lafayette. The park opened in 1963 and is home to more than 140 companies. About 90 of these firms are technology-related, creating the greatest cluster of these types of ventures in the state. The 591-acre research park, just north of campus, has the largest university-affiliated, business incubation complex in the country.

Mayor Bart Peterson President Martin C. Jischke
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* The Purdue Technology Center of Northwest Indiana in Merrillville. The park opened in 2005 and is home to 16 companies. The 386-acre park works closely with the Purdue University Calumet Academic Learning Center.

* The Purdue Technology Center of Southeast Indiana. Construction began in 2006, and the park is expected to open in the fall of 2008. The center is being built on 40 acres of land donated by Jane and John Shine, founders and owners of Samtec Inc., an electronic interconnect manufacturer in the New Albany, Ind., area. The center will house a business incubator office, an economic development office and an office for Purdue's Technical Assistance Program. Additional space will be used for the Purdue College of Technology's classrooms, laboratories and faculty offices to expand course offerings and create three new bachelor's degree programs and implement a fourth bachelor's degree program that was approved earlier.

Writer: Cynthia Sequin, (765) 494-4192, casequin@prf.org

Contacts: Martin C. Jischke, (765) 494-9708

Joseph B. Hornett, (765) 494-8645, jbhornett@purdue.edu

John Phair, (574) 217-4475

Bart Peterson, (317) 945-2529

Nathan Feltman, (317) 232-8847

Purdue News Service: (765) 494-2096; purduenews@purdue.edu

IMAGE CAPTION:
The two-story Purdue Research Park office structure is one of several buildings that will be part of the new Purdue Accelerator Park at Ameriplex-Indianapolis. Other buildings include a 100,000-square-foot industrial flex structure; a 300-bed, six-story hotel with a conference center; and sites for restaurants, retail shops and other expansions. The 78-acre park, located near the Indianapolis International Airport, is in partnership with Holladay Properties Inc. and will accommodate up to 75 businesses and create up to 1,500 jobs. This is the fourth technology park that the Purdue Research Foundation owns and operates in Indiana. Other parks are located in West Lafayette, Merrillville and New Albany.

A publication-quality image is available at  http://news.uns.purdue.edu/images/+2007/PRP-acceleratorpark.jpg

PHOTO CAPTION:

Indianapolis Mayor Bart Peterson, at left, and Purdue President Martin C. Jischke talk after the unveiling Thursday (June 28) of the two-story Purdue Research Park office structure at the Purdue Accelerator Park at AmeriPlex-Indianapolis site. The park, to be constructed near the Indianapolis International Airport, is in partnership with Holladay Properties Inc. and will accommodate up to 75 businesses and create up to 1,500 jobs. (Purdue University photo/Vincent Walter)

A publication-quality image is available at  http://news.uns.purdue.edu/images/+2007/jischke-indy.jpg

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