IIC Re-signs Hoosier Overstock.com

The Indianapolis Industrial Center and Hoosier Overstock.com yesterday agreed to new leasing terms designed to retain the overstock home furnishings business through 2017.

Donald Foley Jr., President of Merchandise Realty and The Indianapolis Industrial Center, said: “We are very pleased to have retained Hoosier Overstock’s business in the industrial park. They have been a great company to work with and we look forward to serving their warehousing needs in coming years.”

Regarding the negotiations he said: “In a competitive negotiation, it is very common that neither side will get all of what they request, but the Hoosier Overstock offer was very fair and allows both sides to pursue their corporate goals. We wish them continued success and the best of luck over the coming lease term.”