Local Marsh stores sold to Kroger subsidiary
Several Marsh Supermarkets stores will soon be under new ownership after a bidding process took place June 12. This comes after Marsh’s filing of a voluntary petition for relief under Chapter 11 Bankruptcy Protection on May 11.
On June 12, a motion was filed by Marsh in the state of Delaware seeking approval for two bidders to purchase 16 of the 44 remaining Marsh stores at costs of $16 million and $8 million, respectively.
Topvalco, Inc., a subsidiary of Kroger, hopes to assume contracts for the leases of 11 Marsh stores, including the two Zionsville Marsh stores, at 10679 N. Michigan Rd. and 5 Boone Village, and the Fishers Marsh store, at 12520 E. 116th St.
The second successful bidder was Generative Growth II, LLC, which will assume leasing contracts for 15 stores in Ohio and Indiana.
Marsh spokesman Tom Mulligan said the company will not be commenting on the sale of these stores at this time.