I heard that a certain American lab has made a pill that will make you fluent in Japanese.
There is an emergency drill in the Miso Soup Research Facility today.
I work for the Burger King Research Institute. My job consists of eating french fries and then having my body weighed.
You've seen that 研究 is research from previous vocab. So, a "place" that is a research place could be many things, though mainly a research institute or research laboratory.
This is a jukugo word, which usually means on'yomi readings from the kanji. If you know the readings of your kanji you'll know how to read this as well. It will also help if you know the reading of 研究 already. Also note that 所 is normal for one reading, but also gets the rendaku treatment, meaning しょ becomes じょ, for the secondary reading.