IU Foundation to Lease DC Building to Indiana University

The Commission for Higher Education is asked to recommend approval of a 20-year lease under which the Trustees of Indiana University will lease a Washington, D.C. building from the Indiana University Foundation for consolidated academic and administrative use at an estimated total cost of $54 million. Base rent of $1.35 million will be paid semi-annually starting January 1, 2026.

Scope & details

The full contract record, as filed.

Contract amount

$1,350,000 semi-annually; estimated $54,000,000 over 20-year term

Contract type

FACILITIES

Contract term

20-year lease, commencing January 1, 2026, with semi-annual base rent payments each January and July

Renewal date

2046-01-01

Renewal

Initial lease term is 20 years starting January 1, 2026; no renewal options are specified in the agenda text.

Document type

Agenda

Source document

Indiana Commission for Higher Education Agenda 2025-09-18

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Other contracts from Indiana University Foundation.

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commission_for_higher_education_minutes_september.pdf

APPROVED

Indiana Commission for Higher Education, IndianaSep 18, 2025

indiana_commission_for_higher_education_meeting_ag.pdf

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 20-year term.

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 20-year term, 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 Agenda 2025-09-18 (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.

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