Up to four tenants could share the 52,000-square-foot strip center that Indianapolis-based Wilson Real Estate Co. announced Monday it is in the process of buying.
Jeff Moe, who owns the real estate company with his wife Angela, told the BannerGraphic he hopes to complete the sale of the property on March 1 and begin preparing the building for lease.
Although he was not willing to give specific names on Monday, Moe said he and his wife are currently in discussions with several national businesses that are interested in occupying the spaces. He said he hopes to have written agreements with the companies and be able to announce their names soon.
"We feel very comfortable that there will be tenants in that facility in the near future," he said.
As it currently stands, the building is divided into two spaces -- one slightly more than 32,00 square feet, located on 2.1 acres of land, and the other at 20,000 square feet, on 2.15 acres of land. The entire property is zoned General Business.
Moe said he is planning to divide the shopping center into as many as four spaces, depending on what the potential clients want.
In the meantime, Moe said he plans to spruce up the front of the building by cleaning up the parking lot and repairing the windows that were apparently targeted by vandals a few weeks ago.
"We're looking forward to coming to Greencastle," Moe said. "We look forward to working with city officials and we think it's a great city."
Moe said he is planning to erect signs next week to announce that the building has been purchased and plans for the development are under way.
Marsh Supermarkets closed the grocery store in 2006 as part of a corporate restructuring plan but failed to sell it during a public auction last November. At that point, Moe renewed his offer to buy the building following several failed attempts.
Anyone seeking information about leasing the building is asked to call Jeff's wife Angela Moe at 317-679-4481 to inquire.