FORT WAYNE, Ind. (WOWO): After more than three decades of making downtown Fort Wayne it's home, Indiana Michigan Power has renewed its commitment to downtown with a new multi-year lease at its current location, which will be known as Indiana Michigan Power Center. The lease renewal comes on the heels a recent purchase of the One Summit Square building by Bill Bean of Hanning and Bean Enterprises.

I&M will occupy more than one-third of the building and the new lease will continue through 2031.

“Downtown Fort Wayne’s continuing advancement is exhilarating, and we are very proud to continue to make our home in this flourishing environment,” said Paul Chodak III, President and Chief Operating Officer of Indiana Michigan Power. “A thriving downtown is important to not just our community but to all of northeast Indiana.”

With I&M’s extended commitment at Indiana Michigan Power Center, signs will soon be placed near the top of Fort Wayne’s tallest building.

I&M will also retain ownership of the plaza in front of Indiana Michigan Power Center, home to community events such as the popular Lunch on the Square. “I am very pleased that Indiana Michigan Power will remain an important citizen downtown in the city’s tallest building,” said Bean. “Indiana Michigan Power Center is one of the city’s key buildings, visible from several miles away, and we look forward to enhancing its uses as part of the exciting development occurring downtown.”