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INDIANAPOLIS - The ongoing corporate downsizing at Marsh Supermarkets, Inc. here apparently also pertains to headquarters office space. The chain is reportedly looking to sublease part or its entire four-story headquarters building at I-69 and 96th Street in Hamilton County.
Marsh spokeswoman Connie Gardner was quoted in the Indianapolis Star as saying that the chain's headquarters office building, opened in 1991, "has always been a little bit too large" for the company's needs.
However, the issue of excess office space has been amplified in light of staff cutbacks under the chain's new owner, Sun Capital Partners, Gardner said, adding that interest in subletting space from potential tenants has been forthcoming but that the company has not yet made any agreements.
Gardner said Marsh will move its headquarters staff to a new, yet-to-be-determined office location if it is successful in subleasing the entire 150,000-square feet of current space.
Sun Capital Partners, Inc., a Boca Raton, Fla.-based private-equity firm, purchased Marsh in September 2006 for $88 million.
The retailer runs 91 Marsh Supermarkets, seven LoBill Foods, and five O'Malia's Food Markets in Indiana and Ohio, as well as Crystal Food Services and Primo Banquet Catering and Conference Centers.