New owners for select Marsh properties announced

INDIANAPOLIS (WTHR) — Marsh has released the winning bidders who will take ownership of 26 properties across Indiana and Ohio.

The successful bidders were announced to the bankruptcy court handling the case in a filing Tuesday.

Marsh filed for Chapter 11 bankruptcy protection on May 11, 2017.

The supermarket chain said their decision to close their stores “was solely the product of the difficult competitive environment and in no way reflects on the efforts of the great associates working in these stores.”

The auction for the stores was scheduled to wrap up Monday.

The two winners were Topvalco, Inc., a subsidiary of Kroger, and Generative Growth II, LLC the parent company of Ohio grocery operator Fresh Encounter.

But in a twist to the future of Marsh grocery stores, pharmacy chain CVS filed to delay the sale.

Marsh sold 37 pharmacies to CVS in April. As part of that sale, Marsh agreed not to have pharmacies in any of those locations for at least five years, but now Marsh and CVS disagree whether the companies taking over those spots are bound by the same deal.

The buyers have said they plan to open pharmacies in at least some locations.

Winning Bidder – Topvalco, Inc

  • LEASE FOR 1825 KINSER PIKE, BLOOMINGTON, IN 47404
  • LEASE FOR 843 E. MAIN ST., BROWNSBURG, IN 46112
  • LEASE FOR 10679 N. MICHIGAN RD., ZIONSVILLE, IN 46077
  • LEASE FOR 5 BOONE VILLAGE, ZIONSVILLE, IN 46077
  • LEASE FOR 2904 S. STATE RD. 135, GREENWOOD, IN 46143
  • LEASE FOR 123 S. KINGSTON DR., BLOOMINGTON, IN 47401
  • LEASE FOR 1500 W. MCGALLIARD, MUNCIE, IN 47304
  • LEASE FOR 1435 W. 86TH ST., INDIANAPOLIS, IN 46260
  • LEASE FOR 715 S. TILLOTSON, MUNCIE, IN 47302
  • LEASE FOR 227 W. MICHIGAN STREET, INDIANAPOLIS, IN 46204
  • LEASE FOR 12520 E. 116TH ST., FISHERS, IN 46037

Winner Bidder – Generative Growth II, LLC

  • LEASE FOR 5802 WEST U.S. 52, NEW PALESTINE, IN 46163
  • LEASE FOR 1013 FOREST AVE., MARION, IN 46952
  • LEASE FOR 1107 S. SHANNON, VAN WERT, OH 45891
  • LEASE FOR 11625 FOX ROAD, INDIANAPOLIS, IN 46236
  • LEASE FOR 3075 E. 25TH ST., COLUMBUS, IN 47201
  • LEASE FOR 621 N. UNIVERSITY BLVD., MIDDLETOWN, OH 45042
  • LEASE FOR 982 N. MARKET, TROY, OH 45373
  • LEASE FOR 1711 N. WALNUT, HARTFORD CITY, IN 47348
  • LEASE FOR 223 AUKERMAN, EATON, OH 45320
  • LEASE FOR 1515 S STATE ROAD 37, ELWOOD, IN 46036
  • LEASE FOR 899 E. JEFFERSON, TIPTON, IN 46072
  • LEASE FOR 3015 W. US 36, PENDLETON, IN 46064
  • LEASE FOR 320 NORTH NEW JERSEY ST, INDIANAPOLIS, IN 46204
  • LEASE FOR 501 NATIONAL ROAD WEST, RICHMOND, IN 47374

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