IBJNews

Big Red acquires United Package Liquors

Back to TopCommentsE-mailPrintBookmark and Share

Bloomington-based Big Red Liquors is expanding into Indianapolis by acquiring the assets of United Package Liquors Inc. and taking over operations of the chain’s 24 local stores.

Terms of the transaction, announced Monday afternoon, were not disclosed.

Under the agreement, the United Package stores will operate under the banner of Big Red. Big Red will sign long-term leases for all locations with Indianapolis-based LOR Corp, a local real estate development firm that owns the United Package chain.

Big Red, founded in 1972, already owns and operates 25 stores in south-central Indiana, including 13 in Bloomington, and plans to open three additional locations this year in the Indianapolis area, the company said.

“We are excited to bring the Big Red brand to Indianapolis and are eager to add more stores in 2013, bringing new jobs and more convenience to the people of Indianapolis,” Big Red owner Mark McAlister said in a prepared statement.

LOR and United Package were founded by Leon Riggs in the 1960s and are currently led by Riggs’ grandson, Adam Hill.  

For LOR, the acquisition allows the company to focus its efforts on expanding its real estate portfolio, Hill said in a prepared statement.

“Over the last decade, my grandfather’s focus was investing in commercial real estate,” he said. “While he still operated a successful liquor store company, its main purpose was to act as an anchor tenant in the shopping centers.”

Aside from the Big Red deal, Lor plans to develop a three-story building with first-floor retail and two floors of office space just north of Broad Ripple Avenue sandwiched between Winthrop Avenue and the Monon Trail.

An existing building on the triangular-shaped property previously housed a United Package store and would be demolished. LOR has owned the prime Broad Ripple site since 1988.

In December, LOR moved the liquor store to its Broad Ripple Station shopping strip to the immediate southeast. LOR filed plans with the city in January and wants to start construction on the 9,300-square-foot structure as soon as it can secure zoning approvals.

United Package Liquor of Kentucky Inc. will continue to own and operate its four locations in Bowling Green, Ky., doing business as Chuck’s Liquor Outlets. LOR will continue to manage the Kentucky properties.
 

ADVERTISEMENT

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. Hello Dear Are you tired of Seeking Loans and Mortgages,have you Been Turned down constantly By your banks and Other Financial Institutions or Micro Finance scheme. This is let you know with 100% guarantee that we Offer loans ranging from $1,000 Minimum to $1,000,000.00 Maximum at 3% interest rate per Month. We give out LOANS for developing business. a competitive edge/business expansion. email address: michealscottloan124@gmail.com We offer the following kinds of loans and many more; * Personal Loans ( Unsecured Loan) * Business Loans ( Unsecured Loan) * Consolidation Loan * Combination Loan * Home Improvement * Xmas Loans for contact to seek for loan email this email address: michealscottloan124@gmail.com Thanks

  2. My name is Mr Henry Josh and i live in the USA California and life is worth living right now for me and my family and all this is because of one man sent by GOD to help me and my family, i once had a life filled with sorrow because my first SON needed a kidney transplant and all our savings were going towards his medications and this normally leaves us with no money to pay our bills or even put enough food on our table and our rent was due and no funds to pay these bills and life felt so unfair to me and every night my wife will cry herself to sleep every night until one day, i was browsing through yahoo answers and i saw a striking advert of a man that gives out personal loans and that the offer is opened to all and i have heard so many things about internet scams but at this point of my life, i was very desperate and ready to take any risk and at the end of the day, i applied for this loan and from one step to another, i got my loan within 12 hours through bank transfer and you know, it was all like a dream and i called Mr Daniel Jones A Man who is the GOD sent lender i found and said, i have received my loan and he smiled stating that to GOD be the glory and i was so shocked as i have never ever seen anyone with such a GOD fearing and kind heart and today, i am the happiest man on earth because by GOD’S grace, my SON kidney transplant was successful and today he is healthy, i and my family are living very comfortable and happy and if you are in my former situation or in serious and legitimate need of a loan, you can reach this GOD sent lender via fidelityloanfirm@outlook.com

  3. Greetings to everyone reading this comment!!! I am Greg William by name. I am out here to recommend the effort of Mark Oscar,I was in need of a consolidation loan amount of 50,000 and as soon as I got in contact with Mark Oscar Loan Firm on Wednesday last week and on Friday last week as well I receive an alert from my bank(Royal Bank of Scotland Group) that the fund was transferred,I want everybody on this site to contact Mark Oscar now via email on how to get a loan because I got my loan from them and I am very happy,so contact them now. Oscarloanfinance@hotmail.com Thanks!!!!!!

  4. Elected officials, like Mourdock, get vested in 8 years. It takes 10 years for all other public employees, most of whom make a lot less money. So much for the promise to finish out his term.

  5. Great state treasurer and a good man!! Just curious if the folks who didn't quite understand his quote would like to tell my daughter-in-law that God didn't intend her! Mourdock's comment was correct but twisted and the article didn't mention that his opponent and the press let the impression stand that Mourdock meant that the rape was intended. Stupid people!!

ADVERTISEMENT