Elanco, a global animal health company, announced Tuesday that it has chosen a site at I-70 and Ind. 9 as the location for its new worldwide headquarters. Construction on the state-of-the-art facility, set to begin in March 2009, marks the launch of a 52-acre business and life sciences park being developed by Browning Investments.
"We are excited to not only stay in Hancock County, but also to be residents of the City of Greenfield," said Jeff Simmons, president of Elanco, a division of Eli Lilly & Co. "This location plays a key role in providing Elanco employees a great new home, as well as a strong identity and presence in the city. It also gives our customers a great place to visit.
"The new Elanco headquarters will centralize the company's operations, while saving us at least $1 million in annual operating expenses," Simmons added. "This is a vital step in our goal to be a top global animal health company, and we look forward to a long, successful relationship with Greenfield."
The new headquarters will be owned, built and managed by Browning, one of the Midwest's leading commercial development companies. The Elanco headquarters will encompass about 135,000 sq. ft. over 20 acres within the Browning park. Elanco's global headquarters is the first project in the new business park, and will launch the development of 32 remaining acres for additional development within this campus.
Recently, Elanco announced plans to move from its current location at Greenfield Laboratories off U.S. 40 and Meridian Road. The site has been sold to Covance, a life sciences company. Until the new Elanco headquarters are completed in spring 2010, Elanco will lease its existing space from Covance.