The new headquarters will centralize the company’s operations and will save at least $1 million in annual operating expenses, said Jeff Simmons, president of Elanco.
Elanco sold its current location at Greenfield Laboratories off U.S. 40 and Meridian Road to Covance, a life sciences company, but will lease the existing space until spring 2010 when the new facility is completed.
The construction marks the launch of a 52-acre business and life sciences park being developed by Browning Investments, a commercial development company. Elanco’s new headquarters, which will be owned and managed by Browning, will encompass about 135,000 square feet and more than 20 acres.
“The park’s proximity to I-70 and Greenfield amenities, along with the city’s commitment to infrastructure improvements, will be a powerful draw for more businesses to come to Greenfield, as well as for companies that want easy access to Indianapolis,” said Dale Pfeifer, director of real estate development for Browning.