Eli Lilly and Co. and Commercial Real Estate and Office Complexes and Kite Realty Group and Health Care Businesses and Health Care & Life Sciences and Health Care & Insurance and Real Estate & Retail

Lilly sets date for move from Faris campus downtown

April 12, 2010

Eli Lilly and Co. will move all 1,000 employees at its Faris campus on South Meridian Street in Indianapolis to its Lilly Corporate Center complex on McCarty Street beginning in late June, a company spokesman said Monday morning.

Lilly’s ongoing staff cuts have reduced its need for the Faris space, and the company wants to locate its employees on the same campus as part of a new business structure.

IBJ reported on Lilly’s relocation discussions last August, after the company hired CB Richard Ellis to lease the 465,000 square feet on the Faris campus. Lilly told IBJ in October that it would move all 1,000 employees.

Lilly began construction on its $58 million Faris campus in 2001 with development partner Kite Realty Corp. It opened in late 2002. The campus includes the renovated Faris and Brougher buildings, a new 150,000-square-foot office building and a 1,550-space parking garage—all west of Meridian Street between Merrill and South streets.

The site is listed as still available on CB Richard Ellis’ Web site, although Lilly spokesman Ed Sagebiel said the company could occupy it in another capacity.

“We don’t have a definitive decision on what we will do with the site,” he said. “We could move different teams into that site. We’re looking at various options.”

Lilly now is renovating a building on its corporate campus to house the Faris employees. The renovation will do away with cubicles and include more open work settings and common areas. Lilly hopes the new office environment will help its employees collaborate better as they work to launch and market new drugs.

Specifically, research teams will be matched with business-unit employees to move potential products quicker to market, Sagebiel said.

In September, Lilly formalized the strategy under the name Development Center of Excellence. It also said it would cut 5,500 jobs worldwide in the next two years.

“Collocating a critical mass of our Indianapolis-based Development Center of Excellence employees, discovery & clinical research teams, and business unit employees will better enable us to deliver improved outcomes to individual patients as soon as possible,” Lilly CEO John Lechleiter said in a statement.
 

ADVERTISEMENT

Recent Articles by IBJ Staff

Comments powered by Disqus