Foreclosed business park acquired by bank

An undeveloped parcel of 189 acres in Muncie has been bought out of foreclosure by the bank that foreclosed on the property, according to The Star Press.

First Merchants Bank paid $2.3 million for the property, which is along I-69 at State Road 332.

The land is part of a business park called Park One/332. The bank previously acquired another 31 acres and a 60,000-square-foot building in the same park for $4.1 million. That parcel had been developed by the Tschuor family.