Purdue trustees OK Wang Hall leases
July 19, 2013
WEST LAFAYETTE, Ind. - Purdue University's Board of Trustees on Friday (July 19) approved two leases of space in Seng-Liang Wang Hall.
The space in Wang Hall, now under construction, would be leased through Purdue Research Foundation. 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.
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