NiSource Exploring for New Headquarters

Merrillville-based NiSource Inc. (NYSE: NI) appears to be in the market for a new headquarters. Our partners at The Times of Northwest Indiana report the utility is considering downsizing its footprint to align with its hybrid workplace model in which some employees work remotely from home.
The parent company of NIPSCO has been in its highly visible location along Interstate 65 since the late 1980s.

NiSource told the publication it is looking to remain in northwest Indiana but would likely move “in a few years.”

“To enhance our employees’ work experience and better align to NiSource’s new hybrid workplace model, we will begin searching for a new headquarters facility in 2022,” said NIPSCO Director of Communications Wendy Lussier. “Based on the age and footprint of our current headquarters building, we are excited to soon be able to offer our employees a modernized, sustainable office environment to increase flexibility, employee satisfaction, well-being, productivity and collaboration.”

The Times says NiSource purchased the three-story former Prudential building on East 86th Avenue for $5.8 million in 1988 and spent millions of dollars renovating the property. The office building was originally constructed in the mid-to-late 1970s.