A Columbus auto dealer is part of a newly formed company that paid about $1 million for a property adjacent to the former Dolly Madison Bakery.
The former Caddies Pub was sold for $1,005,100 to Central Columbus Properties LLC, which formed May 30 and includes Robert Poynter Jr. among its investors.
Poynter, owner of Bob Poynter Chrysler Dodge Jeep Hyundai at 3020 National Road, signed the property transfer, filed June 13 at the Bartholomew County Courthouse.
Poynter could not be reached for comment on his plans for the land.
His dealership and the former bar, a 1.57-acre property at 2761 Central Ave., are in the general vicinity of one another. But they are separated by 11.5 acres that had housed the long-running bakery, where Kroger Co. plans to build a Marketplace store.
Kroger also had tried to buy the Caddies property, seller Tom Wetherald Sr. said.
“Kroger and Poynter were in a bidding war for the parcel, which worked out good for me,” Wetherald said.
Kroger announced plans in April to make a $20 million capital investment at the intersection of Central Avenue and National Road.
John Elliott, public affairs manager for Kroger’s Central Division in Indianapolis, confirmed the grocer’s interest in the Caddies parcel, but dismissed the suggestion that it had engaged in competitive bidding.
Elliott said there are several adjacent properties that the company would consider buying.
“But there is no critical need to require additional land for our project to succeed,” he said. “There might be a parcel or two that would enhance the project or give us a little extra space, but there is no sense of urgency or, from Kroger’s prospective, a bidding war going on.”
The auto dealership is immediately east of the land where Kroger plans to build, and consists of five contiguous parcels totaling 12.71 acres.