IU Foundation to Lease DC Facility to Indiana University

The Indiana Commission for Higher Education is recommended to approve a 20-year lease for the Trustees of Indiana University to rent a Washington, D.C. facility from the Indiana University Foundation at $1,350,000 semi-annually, totaling an estimated $54 million. The building will consolidate IU’s Washington-based academic and business operations and provide expanded instructional and engagement space.

Scope & details

The full contract record, as filed.

Contract amount

$1,350,000 semi-annually; estimated $54,000,000 over the term of the lease

Contract type

FACILITIES

Contract term

20 years, commencing January 1, 2026

Renewal

Initial lease term is 20 years commencing January 1, 2026; no renewal options or extensions are described in the document.

Document type

Agenda

Source document

indiana_commission_for_higher_education_meeting_ag.pdf

Related contracts

Other contracts from Indiana University Foundation.

View all →

commission_for_higher_education_minutes_september.pdf

APPROVED

Indiana Commission for Higher Education, IndianaSep 18, 2025

Indiana Commission for Higher Education Agenda 2025-09-18

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by Indiana Commission for Higher Education?

Indiana University Foundation was awarded this facilities contract by Indiana Commission for Higher Education, as recorded on September 18, 2025. The contract value is $1,350,000 semi-annually; estimated $54,000,000 over the term of the lease.

How much is the Indiana University Foundation contract with Indiana Commission for Higher Education worth?

The Indiana University Foundation contract with Indiana Commission for Higher Education is valued at $1,350,000 semi-annually; estimated $54,000,000 over the term of the lease, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a agenda record.

Where was this contract approved?

This contract appears in indiana_commission_for_higher_education_meeting_ag.pdf (Agenda), dated September 18, 2025 from Indiana Commission for Higher Education. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Indiana University Foundation hold?

Indiana University Foundation may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Indiana University Foundation's profile

What is Indiana Commission for Higher Education currently buying?

Explore Indiana Commission for Higher Education's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Indiana Commission for Higher Education's profile