Why Did Marsh Die?

INDIANAPOLIS — When negotiating its lease for the downtown Indianapolis location on New Jersey Street, Marsh agreed to pay a percentage of its grocery profits as rent, instead of a flat rate.

This practice, outlined in bankruptcy court documents recently filed after the company sold 26 of its stores on the way out of the grocery store business, left Marsh paying thousands of dollars more than market value for the real estate.

And that is just one of many missteps the former Midwest grocery giant made on the way from industry leader to liquidation sale.

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