Property Lines

Welcome to Property Lines, Indy's favorite source for neighborhood real estate news. Your host, IBJ real estate beat reporter Scott Olson, can be reached at solson@ibj.com.
Real Estate & Retail

Bank leaving flagship corner

June 22, 2007
Flagstar Bank will likely vacate one of downtown's highest visibility corners, at Meridian and Washington streets, later this year. FlagstarMidland Atlantic is marketing the 3,500-square-foot space in 2 N. Meridian St. as an "unmatched retail opportunity." The bank couldn't come to terms on a lease renewal with the building owners, which include local businessman John Goodman. Midland Atlantic is negotiating with a user that would be new to downtown but not to the market, said broker Nick Wright. He would not say whom. The new tenant could take possession by February 2008.
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