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Chicago & Midwest  + Midwest  + Industrial  |  December 11, 2023
Jasmine Kilman
By: Jasmine Kilman

NexCore, CushWake to Develop $60M Life Sciences Lab in Indy

NexCore Group, a healthcare real estate investment and development company, has announced plans to develop Waterway Labs at 16 Tech in Indianapolis, with Cushman & Wakefield providing agency leasing services for the $60 million development, a purpose-built life sciences lab building offering graduation lab space for growing companies.

Work on the five-story, 100,000-square-foot life-sciences-focused lab building at 1206 Waterway Boulevard will start in 2024 within the 16 Tech Innovation District. 16 Tech is a 50-acre innovation hub, located adjacent to the future campuses of Indiana University Indianapolis and Purdue University in Indianapolis.   

Cushman & Wakefield’s Jon Owens and Joshua Graham will lead leasing for the development. “Waterway Labs will take a leading position in providing ‘graduation’ space for growing companies emerging from our research universities as well as other startups and established firms,” said Owens.

Read More News Stories About: Cushman & Wakefield
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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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