Roche Calls Off HQ Sublease Deal with Marsh

Press enter to search
Close search
Open Menu

Roche Calls Off HQ Sublease Deal with Marsh

Alleging that Marsh Supermarkets failed to live up to several terms of a lease agreement, Roche Diagnostics reportedly has called off a deal with the regional grocer to sublease the grocery chain’s headquarters facilities.

The pharmaceutical firm is now reviewing 16 other possible sites in Marion and Hamilton counties for additional office space, according to press reports.

Florida-based Sun Capital put the Marsh headquarters up for lease late last year after acquiring Marsh Supermarkets for $325 million. The building, which opened in 1991, includes an atrium lobby, a boardroom, an auditorium, cafeteria and a print shop.

Roche had planned to move about 440 jobs to the supermarket chain’s former headquarters as part of a major expansion after signing a 10-year lease with Marsh’s corporate parent, Sun Capital Partners, to rent the building that’s located across the street from Roche’s Indianapolis headquarters west of Interstate 69.

Roche said the deal with Marsh fell apart after the grocer allegedly defaulted on its building loan. “We’re not going to move our people without that kind of safeguard,” Roche spokeswoman Doyia Turner was quoted as saying in local reports.

Roche Diagnostics, which said it was seeking new space to meet the needs of its growing operations, has about 2,800 people in Central Indiana, most of them housed on a large campus on the city’s Northeastside.