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  • For sale
Two North Meridian Portfolio - #1
Two North Meridian Portfolio - #2
Two North Meridian Portfolio - #3
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Two North Meridian Portfolio - #6

Two North Meridian consists of three historic Class B office and retail assets in the heart of Indianapolis, Indiana ranging from four to eight stories and totaling 180,103 square feet. Indianapolis boasts a diverse downtown economy and a robust sports and entertainment environment. Situated on the corner of Meridian and Washington Streets, the Property sits directly on the Indianapolis Cultural Trail and the southern spoke of Monument Circle — at the center of the CBD’s cultural hub.

The City of Indianapolis is currently undergoing $2 Billion of development and redevelopment through multiple athletic, entertainment and mixed-use projects aimed at increasing Downtown Indianapolis’ appeal to workforce corporations and visitors. Critical in the city’s plan of redevelopment is the Circle Centre Mall, located across Washington Street from the Property. The mall, originally developed by Simon Property Group, has recently requested proposals for its redevelopment to meet the growing demands of housing, modern retail, and community space the city faces with increased residents and tourism.

The Property is currently 91.56% leased by 4 tenants, including long term anchor tenant, the Indiana Department of Health, and first floor retail tenants T-Mobile and Bank of America. The weighted average lease term of these tenants is 9.37 years. The Property provides a unique value add opportunity for the Buyer through the leasing of three street level retail vacancies along the Indianapolis Cultural Trail on Washington Street.

The Property offers a fantastic opportunity for the next Buyer to benefit from an improving, dynamic CBD while enjoying the stability of an invested long-term office tenant with a recently renewed lease at one the most coveted addresses in Indianapolis.