Topvalco, Inc., a wholly owned subsidiary of The Kroger Co., will acquire the leasehold interests of Marsh Supermarkets and its affiliates in 11 central and southern Indiana locations. The United States Bankruptcy Court for the District of Delaware, presiding over the Marsh Supermarkets chapter 11 bankruptcy cases, approved the Topvalco bid.
Approval of the transaction with Topvalco enables Kroger to make a long-awaited entrance into Muncie, Zionsville and also add the store along the canal in downtown Indianapolis.
Katie Wolfram, President of the Central Division of Kroger, says, “These are very desirable properties. We are pleased to have the opportunity to provide Kroger service and value to even more Hoosier shoppers. We are eager to let them see why so many people make Kroger their favorite local grocery store.”
The stores in the Topvalco transaction with Marsh Supermarket are:
- Bloomington, 1825 Kinser Pike
- Bloomington, 123 S. Kingston Drive
- Brownsburg, 843 E. Main Street
- Fishers, 12520 E. 116th Street
- Greenwood, 2904 S. Ind. 135
- Indianapolis, 227 W. Michigan Street
- Indianapolis, 1435 W. 86th Street
- Muncie, 1500 W. McGalliard Road
- Muncie, 715 S. Tillotson Avenue
- Zionsville, 10679 N. Michigan Road
- Zionsville, 5 Boone Village
An economic review will be conducted to determine the remodeling and reopening schedule for the stores.
Closing on the transaction is not anticipated until the middle of July, 2017.