KALAMAZOO, MI -- The Arcadia Brewing Co. property in Kalamazoo is no longer owned by Enmar, LLC, a company owned by brewery founder and CEO Tim Suprise.

A quitclaim deed in lieu of foreclosure, transferring any ownership of the property at 701 E. Michigan Ave. from Enmar LLC to First National Bank of Michigan, was signed by Suprise, president of Enmar, LLC, on Monday, March 18. The property was transferred to the bank for $1, according to county property records.

What that means for the popular local business is unclear.

The brewery remains open, though Arcadia recently announced it would continue with “winter hours" into the 2019 season rather than shift back to more expanded hours for the spring and summer.

Since early December, Arcadia founder and CEO Tim Suprise has told MLive/Kalamazoo Gazette that the company has been in the process of engaging with potential strategic partners since early 2018.

On Thursday, April 24, Suprise said while the process is nearing completion, he still can not disclose further details on the plan, referring back to a statement sent to MLive in March.

“Our Team at Arcadia is grateful for the opportunity to continue our journey that started 23 years ago in striving to make great beer, food and to provide great service as we work collaboratively with our bank to engage and partner with an investor that will help Arcadia and the community realize our fullest potential here at our Riverfront Brewery, Pub and Beer Garden,” Suprise said in the statement.

A spokesperson for First National Bank of Michigan could not be reached for comment.

Enmar LLC has been listed in property records as the owner of the property on East Michigan Avenue since 2013, when Arcadia Brewing came to Kalamazoo, opening its doors to the public in May 2014.

First National Bank of Michigan was the mortgage lender when brewpub first came to Kalamazoo. The mortgage was originally for $3.2 million when issued in 2013.

In December, a mortgage foreclosure sale notice was filed for the Arcadia property, stating $1,409,677.12 was still outstanding on the mortgage and setting a date of Dec. 20 for a foreclosure auction.

That auction date was later adjourned. Mortgage auctions for Arcadia have been scheduled and adjourned multiple times throughout past months, according to certified court officer Karen Hencken, who handles mortgage foreclosures for Kalamazoo County. A foreclosure auction date set for Thursday, April 25, was adjourned and re-scheduled for Thursday, May 2, Hencken said.

The property has also faced the threat of tax foreclosure.

Past-due property taxes from 2016 and fees assessed on the property, totaling $5,388.74, were paid to the Kalamazoo County Treasurer’s office on March 20, stopping a process that otherwise could have resulted in foreclosure if the bill was still unpaid on April 1.

The property still owes $100,609.74 on its 2017 tax bill, including interest and fees. That amount is due by March 31, 2020. Unpaid 2018 taxes, interest and fees due total an additional $85,150.38, according to the Kalamazoo County Treasurer’s office.