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Hanley Investment Group closes ale of 114,867-square-foot retail center in Indiana
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Hanley Investment Group Arranges Sale of Michigan City shopping center
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Megan Aubuchon is a decade ahead of the national average in completing a key life goal: buying a home. It was a really cool opportunity to close out on a home, especially as a first-time buyer, said Aubuchon, 23, after she was able to buy a new home in north Springfield earlier in May.
The median age for first-time homebuyers is 33, according to the National Association of Realtors. Aubuchon, though younger than the typical homeowner, is one of many nationwide to take advantage of historically-low interest rates to purchase a home.
Local experts were conflicted, however, when they were asked if they would advise buying a home right now due to market uncertainties.
Stock + Field, formerly known as Big R, has been bought out of bankruptcy by R.P. Acquisition Corp., a wholly owned subsidiary of R.P. Lumber Co. Inc.
The new owner aspires to keep all the Stock + Field stores open after they were slated for liquidation. The store at 4301 Franklin St. in Lake Park Plaza in Michigan City is slated to reopen under new ownership by mid-May, an employee said.
The Michigan City location closed earlier this year along with Stock + Field s 24 other stores in the Midwest after the Minnesota-based farm, home and outdoor retailer filed for bankruptcy earlier this year. The company had been in business for more than 55 years and blamed the coronavirus pandemic for its insolvency.
Apr 23, 2021 / 01:35 PM EST
CRAWFORDSVILLE, Ind. (Inside INdiana Business) Farm supply and outdoor department store Stock+Field, which filed for Chapter 11 bankruptcy in January, will reopen several locations throughout Indiana under new ownership.
Illinois-based R.P. Acquisition Corp. says it is purchasing the assets of the retailer, formerly known as Big R.
Stock+Field has stores in Crawfordsville, Elkhart (2), Rochester, Marion, Michigan City, Wabash and Warsaw. There is no word if all of the locations will remain open, which have been liquidating inventory.
R.P. Acquisition is a subsidiary of R.P. Lumber Co. Inc., a family-owned hardware and building material retailer throughout Illinois, Missouri, Wyoming, and Iowa. R.P. says the stores will retain the Stock+Field name, and the new owners will seek input from employees and the communities they serve as they plan for the future of the brand.
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