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INDIANAPOLIS-Inland American Real Estate Investment Trust has taken over two of the three office buildings in the Meridian Corporate Plaza here, and has hired Jones Lang LaSalle to market the roughly 200,000 square feet. The properties include the Lauth Property Group headquarters, but Lauth is moving out after the two former development partners had an unfriendly split last year.

Lauth is fully vacating the 66,000-square-foot Plaza One building, according to John Robinson, EVP with JLL. The Plaza Two building, at 135,500 square feet, is 96% leased to tenants such as Walker Information and Pillar Insurance, he says. Asking lease rates at the complex are $22 per square foot.

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