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Marsh HQ Building on the Market

The corporate headquarters building for Indiana-based grocery retailer Marsh Supermarkets is up for sale.

The asking price is $28.6 million for the four-story, 177,000-square-foot office building, owned by a partnership that includes Marsh, in the Indianapolis suburb of Fishers, the Indianapolis Business Journal reported. The building sits on a 13-acre lot along Interstate 69.

Marsh will continue to lease the 25-year-old building from the buyer through 2026, IBJ reported; rent will start at $2.8 million a year, with an increase of 7 percent after five years.

The grocer occupied most of the building after it was completed in 1991, but moved most of its headquarters staff out in 2008, two years after Marsh was acquired by Florida-based Sun Capital Partners. Roche Diagnostics Corp. agreed to sublease the entire building from Marsh in an 18-year deal worth more than $47 million, but Roche abruptly pulled out of the deal before occupying the building over document issues, IBJ reported.

In 2013, an Indiana Court of Appeals judge ordered Roche to pay Marsh more than $18 million to settle a legal dispute over the sublease agreement, IBJ reported.

Marsh moved back into about 40,000 square feet in the building in 2011 and subleased another area.

The building has a multistory atrium, 300-seat auditorium, foodservice area, patio, fitness center and nearly 600 parking spaces.

Marsh operates 72 Marsh Supermarkets and O’Malia Food Markets in Indiana and Ohio, with 38 Indiana pharmacy locations.


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