Hoosier Furniture Retailer Buys Back Flagship

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Indianapolis-based Kittle's Furniture has re-purchased its most prominent building. The flagship Castleton Superstore, which is located near I-465 and Allisonville Road, was sold to GE Capital in 2005.

The company calls the deal for the 160,000 flagship facility a "mutually beneficial agreement." Kittle's employs nearly 450 people at 13 stores in Indiana and the Columbus, Ohio market.

The company says it is a top 100 furniture retailer in the U.S. In a statement, Kittle's leaders say:

This is tangible evidence of our dedication, commitment and belief in our Associates, our Business Partners, the Communities in which we live and work and, of course, our Customers. This is the #1 free-standing retail location in Indiana and hundreds of thousands of loyal Kittle's customers have been served from this one store. We look forward to serving more and more of our fellow Hoosiers every day and are proud we are once again the owner of this iconic Indiana store. The purchase of our Castleton Superstore serves to enhance Kittle's already bright future. We are bullish on Kittle's!

Financial terms of the deal are not being disclosed. The buy-back was completed March 29.

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