IBJNews

Gerdt Furniture closing Castleton location

Back to TopCommentsE-mailPrintBookmark and Share

Gerdt Furniture & Interiors is closing its Castleton store after 26 years of selling sectional sofas, dinette sets and other furniture from the location.

The store is liquidating its merchandise and is marking down prices as much as 70 percent.

According to the company’s website, Gerdt is selling its Castleton building at 8602 Allisonville Road.

A member of the Gerdt family could not be reached Wednesday morning to comment on the closing.

Gerdt’s original and remaining store in Southport will remain open.

Edward Gerdt, a detective for the city of Indianapolis in the 1950s, opened the Southport store in 1959 after saving enough money to realize his dream of operating his own business.

The store sold mattresses before broadening its inventory to include furniture.

In the beginning, Ed was the only salesman and two of his four sons made deliveries. His wife, Ethelynne, completed a course in interior design and became the store’s designer.

Responding to customer requests, Gerdt opened the Castleton store in 1986. In 1992, it moved from its original location in Southport into a larger, 50,000-square-foot south-side store.

In 1999, Gerdt added a warehouse in Greenwood to create more showroom space at the two stores.

The Castleton location isn’t the first Gerdt store to close. The company opened a 65,000-square-foot store along U.S. 36 in Avon in late 2006 but shut it in August 2009 as sales softened during the recession.
 

ADVERTISEMENT

  • The emplyees there
    I know several of the imployees at the Castleton store. I do hope they are not loosing their jobs and can be fitted in at the southside store. Then, working on commission, will there be enough business for this? I hope.

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. The $104K to CRC would go toward debts service on $486M of existing debt they already have from other things outside this project. Keystone buys the bonds for 3.8M from CRC, and CRC in turn pays for the parking and site work, and some time later CRC buys them back (with interest) from the projected annual property tax revenue from the entire TIF district (est. $415K / yr. from just this property, plus more from all the other property in the TIF district), which in theory would be about a 10-year term, give-or-take. CRC is basically betting on the future, that property values will increase, driving up the tax revenue to the limit of the annual increase cap on commercial property (I think that's 3%). It should be noted that Keystone can't print money (unlike the Federal Treasury) so commercial property tax can only come from consumers, in this case the apartment renters and consumers of the goods and services offered by the ground floor retailers, and employees in the form of lower non-mandatory compensation items, such as bonuses, benefits, 401K match, etc.

  2. $3B would hurt Lilly's bottom line if there were no insurance or Indemnity Agreement, but there is no way that large an award will be upheld on appeal. What's surprising is that the trial judge refused to reduce it. She must have thought there was evidence of a flagrant, unconscionable coverup and wanted to send a message.

  3. As a self-employed individual, I always saw outrageous price increases every year in a health insurance plan with preexisting condition costs -- something most employed groups never had to worry about. With spouse, I saw ALL Indiana "free market answer" plans' premiums raise 25%-45% each year.

  4. It's not who you chose to build it's how they build it. Architects and engineers decide how and what to use to build. builders just do the work. Architects & engineers still think the tarp over the escalators out at airport will hold for third time when it snows, ice storms.

  5. http://www.abcactionnews.com/news/duke-energy-customers-angry-about-money-for-nothing

ADVERTISEMENT