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Krieg Bros. building sold to owner of nearby structure

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A local developer has bought the building formerly occupied by Krieg Bros. Religious Supply House on South Meridian Street.

Buyer Rick Coombes also owns the building at 111 S. Meridian St., the former home of Brenner Luggage located just north of where the religious store operated for decades.

The well-known Indianapolis fixture closed Dec. 3 after nearly 120 years in business. It had been located in the four-story building at 119 S. Meridian St. since the early 1960s.

Jerry Krieg of Atlanta, Ga., whose grandfather helped open the business in 1892, said the sale of the building to Coombes became official on Dec. 14.

Coombes’ building next door has condos upstairs, including one owned by Peyton Manning.

Plans for the Krieg building are unclear. Coombes didn’t respond to phone calls from IBJ.

But Krieg said Coombes purchased the rights to the Krieg name for five years, allowing him to use the moniker to operate a similar business. If Coombes pursues a religious store in the same location, it would be much more scaled down and likely would feature mostly statues.

Krieg Bros. conducted an on-site auction on Dec. 12 to sell its entire inventory, about $400,000 worth.

Krieg declined to divulge the sale price of the building or how much the auction raised.
 

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  1. With Pence running the ship good luck with a new government building on the site. He does everything on the cheap except unnecessary roads line a new beltway( like we need that). Things like state of the art office buildings and light rail will never be seen as an asset to these types. They don't get that these are the things that help a city prosper.

  2. Does the $100,000,000,000 include salaries for members of Congress?

  3. "But that doesn't change how the piece plays to most of the people who will see it." If it stands out so little during the day as you seem to suggest maybe most of the people who actually see it will be those present when it is dark enough to experience its full effects.

  4. That's the mentality of most retail marketers. In this case Leo was asked to build the brand. HHG then had a bad sales quarter and rather than stay the course, now want to go back to the schlock that Zimmerman provides (at a considerable cut in price.) And while HHG salesmen are, by far, the pushiest salesmen I have ever experienced, I believe they are NOT paid on commission. But that doesn't mean they aren't trained to be aggressive.

  5. The reason HHG's sales team hits you from the moment you walk through the door is the same reason car salesmen do the same thing: Commission. HHG's folks are paid by commission they and need to hit sales targets or get cut, while BB does not. The sales figures are aggressive, so turnover rate is high. Electronics are the largest commission earners along with non-needed warranties, service plans etc, known in the industry as 'cheese'. The wholesale base price is listed on the cryptic price tag in the string of numbers near the bar code. Know how to decipher it and you get things at cost, with little to no commission to the sales persons. Whether or not this is fair, is more of a moral question than a financial one.

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