Liquidations Set For Unsold Marsh Stores
Marsh Marketplace is the anchor tenant of the property.
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowA spokesman for Indianapolis-based Marsh Supermarkets says liquidation sales will begin Thursday at 18 stores not identified as sold to two Ohio-based buyers earlier this week. Tom Mulligan also tells Inside INdiana Business the sales of 26 locations to subsidiaries of Kroger and Fresh Encounter totaling $24 million have received conditional approval in bankruptcy court.
Mulligan says he expects the remaining items at the stores slated for closure to be sold early next month. The stores set for liquidation include:
- 315 14th St. in Logansport
- 2140 East 116th Street in Carmel
- 2410 N. Salisbury in West Lafayette
- 14450 Mundy Drive in Noblesville
- 5624 Georgetown Rd. in Indianapolis
- 5151 E. 82nd Street in Indianapolis
- 1815 Albany Street in Beech Grove
- 208 Southway Blvd E. in Kokomo
- 2250 Teal Rd. in Lafayette
- 6965 W. 38th St. in Indianapolis
- 2350 Broad Ripple Avenue in Indianapolis
- 1800 S. Burlington Drive in Muncie
- 4755 E. 126th Street in Carmel
- 2810 Nichol Avenue in Anderson
- 1508 Virginia Avenue in Connersville
- 1900 N. Walnut in Muncie
- 1500 Plaza Drive in Hamilton, OH
- 343 1401 N. Washington Street in Kokomo
Cincinnati-based Kroger Co. (NYSE: KR) subsidiary Topvalco Inc. successfully bid for 11 locations and Generative Growth II LLC, whose parent owns Fresh Encounter stores, has received the go-ahead to acquire 15 stores.
You can connect to the full list of locations involved in the sale by clicking here.
In May, the longtime staple of the Indiana grocery scene filed for Chapter 11 bankruptcy protection with 44 stores remaining in its portfolio. Officials say Marsh received bids from "numerous" potential suitors.