Commercial Real Estate and Arts & Entertainment, etc. and Real estate deals and Restaurants and Retail and Real Estate & Retail

Jillian’s arcade games, bowling alley up for auction

October 20, 2011

A plan to keep the Jillian’s entertainment complex operating in downtown Indianapolis has fallen through.

Jillian's owners in July said they had an agreement worked out with the building’s landlord, SMC Retail LLC, to close its restaurant and vacate the ground floor at 141 S. Meridian Street, but continue to operate an arcade, pool hall and bowling alley on the second and third floors.

But an advertisement from Commercial Liquidators of America says the company is liquidating the contents of the complex and will conduct an auction at 10 a.m. Oct. 26 to sell more than 100 arcade games, a nine-lane bowling alley, 12 pool tables, tables, chairs, booths and bar equipment.

Jillian’s owners were attempting to reorganize under Chapter 11 bankruptcy protection. As part of the case, landlord SMC filed a motion in April seeking to evict Jillian's from its 45,000-square-foot spot over what it said was $697,237.25 in unpaid bills. Monthly rent, which is $52,000, had not been paid since June 2010, SMC said.

SMC terminated Jillian’s lease on March 15, but the firm had hoped to amend the lease as part of the new agreement.

A bankruptcy judge dismissed the case on Oct. 12 after Jillian’s failed to file monthly operating reports.

Tilted Kilt, a chain of Celtic sports pubs known for its scantily clad, kilt-wearing waitresses, closed on a deal in September to take over the first-floor space.

The local Jillian’s opened in 1998 and was part of a rush of restaurants that arrived downtown following the opening of Circle Centre mall.

The business is operated by Craig Kastle and David Wallace, and is separate from 11 other Jillian’s restaurants operated by Greg Stevens in Louisville.

 


 

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