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1933 · JANUARY 2011 – NOVEMBER 2026 · HERITAGE SQUARE AND THE COUNTY FRAME
Granger's own turnaround story is the one the banked fragment already carries to the courtroom door: Gumwood HP Shopping Partners, L.P., a Holladay Properties entity whose general partner's chief executive was John Phair, surrendered Heritage Square by deed in lieu of foreclosure in January 2011 against some $33 million of debt, after the construction loan was sold in November 2010 for $12.5 million (Gumwood HP Shopping Partners, L.P. v. Simon Property Group, Inc., No. 3:11-CV-268, N.D. Ind.; Indiana Lawyer, March 21, 2016). What the surrender produced, in sequence, is this. The deed in lieu put the centre in its lender's hands; the centre never closed, its Martin's anchor trading through the failure, the 2018 jury verdict ($2.4 million against Simon) and every change of control since. The rescuer of record in the current leasing file is Broad Reach Retail Partners, LLC, the Baltimore-area owner-operator (founded 2006) whose flyers lease the centre today as a 192,977-square-foot, grocery-anchored property at 7321 Heritage Square Drive, Granger 46530, with leasing contacts named in the flyer itself (LoopNet listing 24656065, updated October 28, 2026; Broad Reach Heritage Square flyer, 2023 and 2025 demographics editions). Broad Reach is the chief that handed the centre back: under its ownership the anchor was refreshed and re-ribbon-cut in June 2026 under its third grocery owner (The Shelby Report, June 23, 2026, carried in the banked fragment). Named gap — the intermediate deed: the instrument that carried the centre from the foreclosing lender to Broad Reach, and the date and price of that transfer, are not in any open source; the settling source is the St. Joseph County Recorder's deed record for the Heritage Square parcels, 2011 forward.
The Depression half of the row is a test, and it is run at the two sizes the ground allows. On Granger ground itself the test is negative, printed as a finding: no firm seated in the CDP's townships in 1929–1933 had a chief the Depression killed or a receiver who handed it back — the ground's largest employer of the era was the Congregation of Holy Cross's St. Joseph's Farm, an institution, not a chief-led house, and the farm century's trade ran through South Bend and Mishawaka. The class the checklist names — the chief executive the Depression killed, and the receivers who handed back a company — exists in this county's record at full size eight miles south, and it is printed here at that size with its seat stated, because this section's checklist names the men: Albert Russel Erskine, who joined Studebaker as treasurer in 1911 and was its president from 1915, was pushed out when Studebaker entered receivership on March 18, 1933, and, his stock worthless, his debts mounting and his health failing, shot himself on July 1, 1933 (The Henry Ford; Smithsonian Institution, Studebaker exhibition biographies). The receivers who handed the company back were Paul G. Hoffman, its sales vice-president, and Harold S. Vance, its production vice-president, who with Ashton G. Bean of White Motor took control as receivers of a company owing its banks $6 million against $7 million of current assets; a $6.8 million stock-and-bond issue underwritten by Lehman Brothers and Goldman Sachs took Studebaker out of receivership in 1935, Vance becoming chairman and Hoffman president (Harold Sines Vance biography, citing Longstreet, A Century on Wheels). Hoffman left in 1948 to run the Marshall Plan; Vance held chairman and then president to 1954. Casualty, receivers, hand-back: the class is complete in the county record, and Granger's share of it is the negative printed above.
Sources: Gumwood v. Simon, No. 3:11-CV-268 (N.D. Ind.), as carried in the banked Businesses fragment; Indiana Lawyer, Mar. 21, 2016; Broad Reach Retail Partners / LoopNet, Heritage Square leasing record, 2023–2026; The Henry Ford, "Remembering Studebaker's Bankruptcy, March 18, 1933"; Smithsonian Institution, Studebaker exhibition, Erskine biography and mileposts (receivership Mar. 1933, release Mar. 9, 1935); Harold Sines Vance biography (Longstreet, 1952).