9800 Crosspoint

Office / ±172,550 SF / Indianapolis, IN

Purchased the non-performing note on this four-story office building at auction from CW Capital in November 2019 and immediately foreclosed on the note to gain fee ownership. The property previously served as the corporate headquarters for Marsh Supermarkets, who fully occupied the building until Marsh filed for Chapter 7 bankruptcy protection in June 2017, shut down operations, and terminated their lease. The subject includes approximately 6 acres of developable land, which could be utilized for additional parking or other commercial uses. Premier is marketing the asset for lease and for sale to a full building user.