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    Marsh to Auction Excess Properties

    INDIANAPOLIS -- Marsh Supermarkets here has retained Lakeland, Fla.-based Higgenbotham Auctioneers International Ltd. (HAI) to auction 27 surplus properties throughout Indiana and Ohio to the highest bidders. The auction¿s proceeds will help Marsh fund its ongoing store renovation and upgrading efforts.

    INDIANAPOLIS -- Marsh Supermarkets here has retained Lakeland, Fla.-based Higgenbotham Auctioneers International Ltd. (HAI) to auction 27 surplus properties throughout Indiana and Ohio to the highest bidders. The auction’s proceeds will help Marsh fund its ongoing store renovation and upgrading efforts.

    “Although these properties no longer fit into the future plans of Marsh, they are located in many prime markets around the region with some of the locations being no more than a few years old and fully equipped,” John Haney, general manager of HAI, was quoted as saying in press reports.

    The inventory, which consists of 15 retail out-parcels/development tracts and 12 retail buildings, are former supermarkets, retails centers and development tracts.
    Properties in Central Indiana include:
    -- 39,451-square-foot former supermarket located at 3919 Madison Ave., Indianapolis.
    -- 8,800-square-foot commercial building, 17 N. Lynhurst Drive, Indianapolis.
    -- 11,920-square-foot commercial building, 5136 N. Franklin Ave. in Lawrence, Ind.
    -- Half-acre retail outlot, 10679 N. Michigan Road, Zionsville, Ind.
    -- 8,586-square-foot equipped, freestanding former restaurant, 14575 Mundy Drive in Noblesville, Ind.
    -- 1.32-acre retail development tract at 14450 Mundy Drive, Noblesville, Ind.
    -- 14,800-square-foot commercial building, 1240 N. State St., Greenfield, Ind.
    -- 1.1-acre retail outlot, 843 E. Main St., Brownsburg, Ind.
    -- 2.37-acre retail development tract, 702 W. South St. Lebanon, Ind.
    -- 1.34-acre retail outlot, Madison County Road East 300 North (Hartman Road) in Anderson, Ind.
    -- 6.59-acre retail development tract, the southwest corner of 38th and Columbus Avenue in Anderson, Ind.
    -- 35,769-square-foot former supermarket and a 4,000-square-foot retail building at 4005 Wheeling Ave., Muncie, Ind.
    -- Five retail development tracts at 4900 E. Jackson St., Muncie.
    -- 2,100-square-foot commercial building, 900 E. Jefferson St., in Tipton, Ind.
    -- 32,176-square-foot former supermarket with an attached 20,000-square-foot retail building, at 1021 and 1033 Indianapolis Road, Greencastle, Ind.
    -- 46,212-square-foot former supermarket, 2424 S. Walnut St., Bloomington, Ind.
    -- 28,671-square-foot former supermarket, 936 E. Washington St., Winchester, Ind.

    HAI said it HAI, RCS Real Estate Advisors of New York City and NAI Global of Princeton, N.J. will coordinate the auction process. Information on the properties is available at HAI’s Web site, www.higgenbotham.com.

    Marsh operates 79 Marsh Supermarkets, 19 LoBill Foods, 6 O’Malia's Food Markets, Crystal Food Services, Primo Banquet Catering and Floral Fashions.


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