Indiana Biosciences Research Institute Facilities Master Plan Under Way; Browning to Serve as Strategic Adviser
The Indiana Biosciences Research Institute announced today that Indianapolis-based Browning will serve as its strategic real estate and facilities adviser, developing a comprehensive master plan that will guide both near-term temporary and longer-term permanent space needs.
The plan will be developed in partnership with various Institute stakeholders, including industry, university, State and community leaders, and provide a roadmap for all facility needs, which will include temporary space for Institute start-up and one or more locations for long-term operations.
As part of its planning process, Browning will work with Indianapolis-based design firm BSA LifeStructures, which has been named the Institute’s temporary space design partner. Browning also will assist the Institute in identifying additional resources, including real estate, development and construction professionals, to implement projects identified in the master plan. Given its role as the Indiana Biosciences Research Institute strategic real estate and facilities adviser, Browning will not serve as the developer or contractor in connection with the facilities identified in the strategic plan.
“Browning is a well-respected real estate developer with a long history of community engagement in Indiana. We are fortunate to have community leaders, such as Browning and BSA LifeStructures, with national reputations as early partners of the Institute facilities team,” said David Johnson, president and CEO of BioCrossroads. “Through this engagement Browning will bring its experience and capabilities to the table to help the Institute develop its strategic real estate and facilities vision – a challenging undertaking for any organization, but an especially complex one for the Indiana Biosciences Research Institute given the diversity of its sponsor-driven model and the potentially catalytic economic impact a development of this nature could have for the State of Indiana.”
Browning serves as a real estate adviser for a number of significant Indiana projects, including the Indianapolis Motor Speedway’s master plan, Purdue Research Foundation’s comprehensive campus master plan and the implementation of the Fort Harrison Reuse Authority’s master plan for Lawrence Village.
“The Indiana Biosciences Research Institute is a project that has the ability to transform how Indiana leverages its position as a life sciences leader, and we are eager to join the team that is focused on moving this first-ever industry-driven Institute forward,” said John Hirschman, Browning president and CEO. “The Institute has paved a clear path for what it is trying to accomplish, and its real estate master plan will help conceptualize and harmonize a facilities and real estate vision that supports the Institute’s broader mission and ambitions.”
About the Indiana Biosciences Research Institute
The Indiana Biosciences Research Institute was incorporated in May 2013 and is the first industry-led biosciences research institute in the nation. The Institute is being developed by industry executives from Eli Lilly and Company, Roche Diagnostics, Dow AgroSciences, Cook Medical, Indiana University Health and Biomet, the Governor of Indiana, with active support in initial development by BioCrossroads. Indiana’s research institutions, including Indiana University, Purdue University and the University of Notre Dame also are participating in the development process. More information about the Indiana Biosciences Research Institute can be found at www.indianabiosciences.org.
Founded in 1977, Browning remains one of the premier development companies in Indianapolis and is engaged in the acquisition, development, construction, leasing, management, ownership and disposition of investment real estate properties. In total, Browning has developed and constructed more than 22 million square feet of space. To learn more, visit: www.browninginvestments.com.