James Briggs | IndyStar

It's a good thing Angie's List knows where to find good movers.

ANGI Homeservices Inc. is putting Angie's List's sprawling east-side campus up for sale and relocating up to 1,000 employees into yet-to-be-determined offices elsewhere in Indianapolis.

ANGI Homeservices informed employees of its decision Monday, about a week after the company formed as the result of HomeAdvisor parent company IAC's acquisition of Angie's List. The property listing — which includes 25 buildings and 190,000 square feet of space along East Washington Street — comes after months of speculation about what would happen to the campus under HomeAdvisor.

It's unclear whether ANGI Homeservices will move Angie's List employees into areas where the company is already leasing space or search for new offices in which to consolidate all of its operations. HomeAdvisor has had a physical presence in Indianapolis since early 2016, including offices at 1 Virginia Ave. and 342 Massachusetts Ave.

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ANGI Homeservices declined to elaborate on its plans for employees who are based at the east-side campus.

“We can confirm that the Angie’s List campus is up for sale and we are exploring relocation options in the Indianapolis area that better suits the businesses needs moving forward," the company said in a statement.

Angie's List's campus has been credited with accelerating revitalization efforts along the East Washington Street corridor. The online ratings company for years has been acquiring and redeveloping properties, spurring other businesses and even prospective homeowners to take a chance on the east side.

Angie's List's campus is bounded by Ohio Street to the north, Highland Avenue to the east, East Washington Street to the south and Pine Street to the west. The company acquired most of its property in 2012 from Henry Amalgamated, a company in which former Angie's List CEO Bill Oesterle was a majority owner.

Joe Bowling, co-director of Englewood Community Development Corp., which promotes economic development along East Washington Street, said neighbors have been bracing for the campus to hit the market since at least May when HomeAdvisor announced it was acquiring Angie's List.

"I think everyone was worried this might be the ultimate outcome," he said. "We would have loved to have seen HomeAdvisor continue to occupy the campus. We're disappointed in that regard."

Bowling added that he hopes prospective buyers engage with residents of the Holy Cross neighborhood, which includes most of the campus, as part of their due diligence.

Commercial real estate firm JLL, which is listing the campus, is opening up a one-month window for offers. ANGI Homeservices wants to identify a buyer within a few weeks and relocate Angie's List's employees by mid-2018.

Matt Waggoner, a senior vice president for JLL who is handling the sale, said the property could appeal either to a growing company seeking a new headquarters or a developer that wants to lease out Angie's List's office space and redevelop other parcels into uses such as apartments and retail.

The buyer is more likely to be a developer, Waggoner said, because there is a limited pool of companies seeking a corporate campus that could accommodate more than 1,000 workers.

The Star file photo

"We think development opportunities are very broad because there are some existing buildings that can be used as they are today, but also a lot of land for future expansion," he said.

At least some speculation likely will link the Angie's List property listing to Amazon.com Inc.'s recent announcement that it is searching for a site that can accommodate a second headquarters for up to 50,000 employees. Central Indiana communities and business leaders are collaborating on a pitch to Amazon.

Waggoner declined to discuss Amazon.

Amazon would be an unlikely suitor, in part because its request for proposals stipulates far more land — 100 acres — and square footage than Angie's List has. The Angie's List campus has about 18 aggregate acres of land.

ANGI Homeservices' accelerated timeline also would seem to rule out short-term interest from Amazon, which isn't expected to decide on a city for its new headquarters until next year.

The majority of the Angie's List properties are office buildings located just east of Interstate 65 and north of Washington Street. The campus also includes a diner, fitness center and conference center, as well as a combined 1,000 parking spaces, with room for more.

As recently as 2015, still-growing Angie's List was planning a $40 million expansion of the campus. But the company scrapped those plans amid controversy over the Religious Freedom Restoration Act and struggles to revive its business model in the face of competition from HomeAdvisor.

Angie's List employed more than 1,800 people at its peak, but that count has dwindled to about 1,000. The company has lost about one-third of its workforce this year due to attrition and layoffs linked to the merger.

ANGI Homeservices CEO Chris Terrill last week told IndyStar in an interview that Angie's List is done contracting and might even start to expand in the coming months.

"As we do things different with Angie's brand and business, I'm looking for growth in the future," Terrill said. "I think we can lean into it with additional marketing over time. I think we'll be a hirer and be looking for talent as we reignite the brand."