Property Lines

Welcome to Property Lines, Indy's source for neighborhood real estate news. Your host is Scott Olson, IBJ's real estate beat reporter. Founded by Cory Schouten.
Real Estate & Retail

First Biglari, now Steak n Shake sign adorns building

June 27, 2014
Comments Print Reprints
Share More
/ Text Size+

First the Biglari name, now the Steak n Shake moniker adorns the downtown building that houses the steakburger chain’s headquarters.

Steak n Shake sign900pxProperty Lines reported earlier this month when the letters to spell Biglari, as in San Antonio-based Biglari Holdings Inc. and parent of Steak n Shake, became affixed to the side of the Ober Building facing Pennsylvania Street.

Installed this week, the new Steak n Shake sign runs vertically and replaces the Business Furniture sign that stood guard over Pennsylvania and Maryland streets for decades.

An affiliate of Steak n Shake purchased the six-story office building at 107 S. Pennsylvania St. in February 2013 for $3.1 million from the Capital Improvement Board of Marion County.

Biglari Holdings is led by CEO Sardar Biglari. As of April, it operated 530 Steak n Shake restaurants, 415 of which were company-owned, and 83 Western Sizzlin eateries.
 

ADVERTISEMENT
Comments powered by Disqus