Purdue committee OKs Wang Hall leases, IPFW improvements
July 12, 2013
WEST LAFAYETTE, Ind. - Purdue University's Board of Trustees Physical Facilities Committee on Friday (July 12) approved two leases of space in Seng-Liang Wang Hall and a proposal to improve energy efficiency on the Indiana University-Purdue University Fort Wayne campus.
The space in Wang Hall, now under construction, would be leased through Purdue Research Foundation. The full Board of Trustees must approve the leases at its July 19 meeting, and the leases are contingent upon state approval.
The first lease is for up to 58,996 square feet on the third and fourth floors to accommodate office and lab space for new College of Engineering faculty and staff and to temporarily relocate faculty, graduate students and staff during renovations of several engineering buildings. The hires and renovations are related to the college's strategic growth plan.
The lease is for 10 years beginning June 1, 2014, with two five-year extensions.
The second lease is for up to 21,251 square feet on the second floor. The space will be used for the Engineering Professional Education program, currently in Potter Engineering Center, and for the College of Technology's Center for Professional Studies in Technology and Applied Research, currently in the Engineering Administration Building.
The lease is for 20 years beginning June 1, 2014, with two five-year extensions.
These two leases combined would be up to $1.5 million annually.
PRF is building the 147,000-square-foot Wang Hall just north of the Northwestern Avenue Parking Garage. It is primarily designed to provide laboratories, offices, conference rooms and support facilities for the School of Electrical and Computer Engineering. It also will have retail space managed by PRF.
It is named after the father of Purdue alumnus Patrick Wang, chairman and CEO of Johnson Electric in Hong Kong.
The IPFW proposal will provide up to $5 million to improve energy efficiency of HVAC, lighting and other components throughout the campus through the Qualified Energy Savings program. The QES program facilitates sustainability initiatives that pay for themselves through energy savings over 10 years or less. The committee's action on the QES proposal is final.
Writer: Judith Barra Austin, 765-494-2432, jbaustin@purdue.edu
Sources: James Almond, senior vice president for business services, assistant treasurer, 765-494-9706, jsalmond@purdue.edu
Ken Sandel, director of physical and capital planning, 765-496-6300, sandel@purdue.edu
Joseph Hornett, Purdue Research Foundation, 765-588-1040, jbhornett@prf.org
Michael Cline, vice president for physical facilities, mbcline@purdue.edu
