OH grocer reaches a deal for local Marsh locations

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According to documents cited in published reports, Topvalco successfully bid for Marsh stores in Bloomington (two), Brownsburg, Fishers, Greenwood, Indianapolis (two), Muncie (two) and Zionsville, Ind.

A Kroger subsidiary made an offer on 11 Marsh stores, including this one in Indianapolis, at Monday's bankruptcy auction.

The second successful bidder was Generative Growth II, LLC, which will assume leasing contracts for 15 stores in OH and Indiana.

The stores are located mainly in OH and eastern in, operating at 21 locations.

The supermarket chain said their decision to close their stores "was exclusively the product of the hard competitive environment and in no way reflects on the efforts of the great associates working in these stores".

Generative Growth agreed to buy two Indianapolis stores; other IN stores IN Columbus, Elwood, Greensburg, Hartford City, Marion, New Palestine, Pendleton, Richmond, and Tipton; and OH stores IN Eaton, Middletown, and Troy, IN addition to Van Wert.

And the deal with Kroger and Fresh Encounter isn't sealed yet.

But there's a problem: the two companies want to be able to put pharmacies back in the stores. Marsh sold its pharmacy assets to CVS in April, and had agreed not to allow pharmacies in stores that had them for five years. Further, it asserted that even if the condition did apply to buyers, the language was "unenforceable under the bankruptcy code".

The sales require approval by the bankruptcy court and have to overcome an objection from CVS Health.