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Hendricks Commercial Properties, LLC

Full company profile

uuid000862t

Namestring
Hendricks Commercial Properties, LLC
Legal namestring
Hendricks Commercial Properties, LLC
Websiteurl
hendricksgroup.net
Company typeenum
Private
Founded yearint
1974
Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
501–1,000
akta.pro rankint
HeadquartersBeloit, United States
HQ citystring
Beloit
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices5 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
commercial real estate development, mixed-use property leasing, historic property revitalization, retail property management, flexible workspace solutions
Industry3 codes
1Real Estate Investment Management (Acquisitions & Dispositions)
CodeBPAJAMAKPrimaryYes
2Mixed-Use Property Management
CodeBPAJAGAEPrimaryNo
3Real Estate Investment Sales (Income-Producing Properties)
CodeFSAEAJACPrimaryNo
NAICS code3 codes
  • Lessors of Nonresidential Buildings (except Miniwarehouses)531120
  • Real Estate Property Managers53131
  • Lessors of Real Estate5311
SIC code2 codes
  • Operators Of Nonresidential Buildings6512
  • Real Estate Dealers (For Their Own Account)6532
Product category
Commercial Real Estate Development
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model2 records
1Commercial Property Rental Income
TypeSubscription Recurring
Description

Long-term leasing of retail, office, and mixed-use commercial spaces to tenants including national brands and lifestyle retailers.

hendricksgroup.com
2Property Development and Sale
TypeOne Time License
Description

Acquisition, development, value-add improvements, and sale of commercial properties for capital gains. The Island Plaza transaction demonstrated a 9-13% IRR and approximately 2.5x equity multiple over 12 years.

globenewswire.com
Marketing channels6 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels2 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Operations, Infrastructure, Personnel, Supply Chain, Marketing or Sales
GTM typeB2B
B2B
Offering typeServices
Services
Brand1 record
1Irontek
Description

Flexible workspace and co-working locations operated by Hendricks Commercial Properties, with locations in Delafield and other markets.

hendricksgroup.com
Core offering1 text field

Hendricks Commercial Properties acquires, develops, owns, and manages commercial real estate assets, with a focus on revitalizing historic properties and creating mixed-use environments. The company leases retail, office, and mixed-use space to national retailers, lifestyle brands, and local businesses across multiple Midwestern markets. It also invests in and disposes of properties to capture development returns.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 value
  • 9-13% IRR and approximately 2.5x equity multiple on 12-year property investment (Island Plaza)
Product overview1 text field

Hendricks Commercial Properties is a commercial real estate development company operating a portfolio of properties across multiple Midwestern markets including Beloit, Boise, Delafield, Indianapolis, and Lexington. The company operates primarily as a unified property development and leasing platform, offering commercial property leasing and development services alongside specific named properties such as Fritz Farm (a 52-acre mixed-use lifestyle center in Lexington) and Irontek (flexible workspace brand). Their business model focuses on revitalizing historic properties and creating mixed-use environments where businesses can flourish.

Product and service3 records
1Commercial Property Leasing & Development
CategoryCommercial Real Estate Services
2Irontek Flexible Workspace
CategoryFlexible Workspace / Co-working
3Residential Property Development
CategoryReal Estate Development
Scale indicator6 records

Each record includes

Type, Value, Description, Source

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
1Kite Realty Group
TypeBroad incumbent
Description

Publicly traded open-air shopping center REIT with mixed-use components. Overlaps with HCP in retail leasing and mixed-use development, though at larger scale and as a public REIT.

2Casto
TypeDirect peer
Description

Privately held diversified real estate company developing and managing lifestyle centers, multifamily, and mixed-use properties in the Midwest and Southeast. Highly comparable in mixed-use focus and Midwestern footprint.

3Poag Shopping Centers
TypeDirect peer
Description

Private mixed-use and lifestyle center developer/operator with an open-air center portfolio. Comparable to HCP in developing and leasing destination retail and dining properties with national and lifestyle brand tenants.

4Phillips Edison & Company
TypeBroad incumbent
Description

Publicly traded REIT focused on grocery-anchored neighborhood shopping centers. Comparable in retail leasing operations to anchor tenants, though broader and grocery-anchored versus HCP's mixed-use focus.

5Steiner + Associates
TypeDirect peer
Description

Private developer of mixed-use, lifestyle, and town center properties (e.g., Easton Town Center). Comparable in mixed-use development scale, anchor tenant relationships, and place-making approach.

6RED Development
TypeDirect peer
Description

Mid-size private developer of mixed-use lifestyle, retail, and entertainment centers across the US. Highly comparable in scale and strategy to HCP's Fritz Farm-style mixed-use development and leasing model.

7The Howard Hughes Corporation
TypeBroad incumbent
Description

Publicly traded master-planned community and mixed-use developer. Comparable in large-scale mixed-use development and place-making, though operating at significantly larger scale.

8North American Properties
TypeDirect peer
Description

Private mixed-use real estate developer focused on retail, residential, and hotel components in walkable urban centers. Directly comparable to HCP's mixed-use development and historic revitalization strategy.

9Trademark Properties
TypeEmerging player
Description

Boutique private mixed-use and lifestyle real estate developer. Comparable in mixed-use development philosophy and tenant mix, though smaller in scale and geographic reach.

10Brixmor Property Group
TypeBroad incumbent
Description

Large publicly traded retail REIT owning and operating open-air shopping centers. Comparable in retail leasing and tenant relationships, though much larger scale and publicly traded.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks7 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers2 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment2 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile4 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles2 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries2 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Hendricks Commercial Properties, LLC

Commercial Real Estate Developmenthendricksgroup.net

Hendricks Commercial Properties, LLC firmographics

Firmographics
Name
Hendricks Commercial Properties, LLC
Legal name
Hendricks Commercial Properties, LLC
Website
https://hendricksgroup.net
Company type
Private
Founded year
1974
Operating status
Operating
Headcount range
501–1,000 employees
Ownership category
akta.pro rank

Hendricks Commercial Properties, LLC industry classification

Industry
Product category
Commercial Real Estate Development
NAICS
Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Real Estate Property Managers (53131), Lessors of Real Estate (5311)
SIC
Operators Of Nonresidential Buildings (6512), Real Estate Dealers (For Their Own Account) (6532)
akta.pro primary industry
Real Estate Investment Management (Acquisitions & Dispositions) (BPAJAMAK)
akta.pro secondary industries
Mixed-Use Property Management (BPAJAGAE), Real Estate Investment Sales (Income-Producing Properties) (FSAEAJAC)

Keywords

  • Commercial real estate development
  • Mixed-use property leasing
  • Historic property revitalization
  • Retail property management
  • Flexible workspace solutions

Where Hendricks Commercial Properties, LLC is headquartered

Location

Headquarters

HQ city
Beloit
HQ country
United States
HQ region
North America

Offices5 records

Markets served

Hendricks Commercial Properties, LLC business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Operations, Infrastructure, Personnel, Supply Chain, Marketing or Sales

Revenue model

  1. Commercial Property Rental Income: Long-term leasing of retail, office, and mixed-use commercial spaces to tenants including national brands and lifestyle retailers.
  2. Property Development and Sale: Acquisition, development, value-add improvements, and sale of commercial properties for capital gains. The Island Plaza transaction demonstrated a 9-13% IRR and approximately 2.5x equity multiple over 12 years.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Hendricks Commercial Properties, LLC product offering

Product offering

Core offering

Hendricks Commercial Properties acquires, develops, owns, and manages commercial real estate assets, with a focus on revitalizing historic properties and creating mixed-use environments. The company leases retail, office, and mixed-use space to national retailers, lifestyle brands, and local businesses across multiple Midwestern markets. It also invests in and disposes of properties to capture development returns.

Product overview

Hendricks Commercial Properties is a commercial real estate development company operating a portfolio of properties across multiple Midwestern markets including Beloit, Boise, Delafield, Indianapolis, and Lexington. The company operates primarily as a unified property development and leasing platform, offering commercial property leasing and development services alongside specific named properties such as Fritz Farm (a 52-acre mixed-use lifestyle center in Lexington) and Irontek (flexible workspace brand). Their business model focuses on revitalizing historic properties and creating mixed-use environments where businesses can flourish.

Differentiator

Problem solved

Functional benefit

Brands

  • Irontek: Flexible workspace and co-working locations operated by Hendricks Commercial Properties, with locations in Delafield and other markets.

Products and services

  • Commercial Property Leasing & Development
  • Irontek Flexible Workspace
  • Residential Property Development

Quantifiable outcome

  • 9-13% IRR and approximately 2.5x equity multiple on 12-year property investment (Island Plaza)

Companies that use Hendricks Commercial Properties, LLC

Customer profile

Named customers2 records

Segments2 records

Ideal customer profiles4 records

Hendricks Commercial Properties, LLC technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Hendricks Commercial Properties, LLC partnerships and signals

Strategic signal

Scale indicators6 records

Recent moves6 records

Expansion highlights4 records

Hendricks Commercial Properties, LLC competitors and assessment

Company assessment

Broad incumbents

  • Kite Realty Group: Publicly traded open-air shopping center REIT with mixed-use components. Overlaps with HCP in retail leasing and mixed-use development, though at larger scale and as a public REIT.
  • Phillips Edison & Company: Publicly traded REIT focused on grocery-anchored neighborhood shopping centers. Comparable in retail leasing operations to anchor tenants, though broader and grocery-anchored versus HCP's mixed-use focus.
  • The Howard Hughes Corporation: Publicly traded master-planned community and mixed-use developer. Comparable in large-scale mixed-use development and place-making, though operating at significantly larger scale.
  • Brixmor Property Group: Large publicly traded retail REIT owning and operating open-air shopping centers. Comparable in retail leasing and tenant relationships, though much larger scale and publicly traded.

Direct peers

  • Casto: Privately held diversified real estate company developing and managing lifestyle centers, multifamily, and mixed-use properties in the Midwest and Southeast. Highly comparable in mixed-use focus and Midwestern footprint.
  • Poag Shopping Centers: Private mixed-use and lifestyle center developer/operator with an open-air center portfolio. Comparable to HCP in developing and leasing destination retail and dining properties with national and lifestyle brand tenants.
  • Steiner + Associates: Private developer of mixed-use, lifestyle, and town center properties (e.g., Easton Town Center). Comparable in mixed-use development scale, anchor tenant relationships, and place-making approach.
  • RED Development: Mid-size private developer of mixed-use lifestyle, retail, and entertainment centers across the US. Highly comparable in scale and strategy to HCP's Fritz Farm-style mixed-use development and leasing model.
  • North American Properties: Private mixed-use real estate developer focused on retail, residential, and hotel components in walkable urban centers. Directly comparable to HCP's mixed-use development and historic revitalization strategy.

Emerging players

  • Trademark Properties: Boutique private mixed-use and lifestyle real estate developer. Comparable in mixed-use development philosophy and tenant mix, though smaller in scale and geographic reach.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

Hendricks Commercial Properties, LLC social profiles

Digital presence

Hendricks Commercial Properties, LLC financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Hendricks Commercial Properties, LLC leadership team

Management profile

Number of profiles

Profiles2 records

Hendricks Commercial Properties, LLC subsidiaries and ownership

Company hierarchy

Subsidiaries2 records

Hendricks Commercial Properties, LLC funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Hendricks Commercial Properties, LLC M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hendricks Commercial Properties, LLC

What does Hendricks Commercial Properties, LLC do?

Hendricks Commercial Properties acquires, develops, owns, and manages commercial real estate assets, with a focus on revitalizing historic properties and creating mixed-use environments. The company leases retail, office, and mixed-use space to national retailers, lifestyle brands, and local businesses across multiple Midwestern markets. It also invests in and disposes of properties to capture development returns.

Is Hendricks Commercial Properties, LLC a public or private company?

Hendricks Commercial Properties, LLC is a private company. It is classified as family owned and is currently operating.

When was Hendricks Commercial Properties, LLC founded?

Hendricks Commercial Properties, LLC was founded in 1974. It employs 501 to 1,000 people.

Where is Hendricks Commercial Properties, LLC based?

Hendricks Commercial Properties, LLC is headquartered in Beloit, United States, in the North America region.

How does Hendricks Commercial Properties, LLC make money?

Two revenue lines are on record. Commercial Property Rental Income is the primary driver. The others are property Development and Sale.

Who are Hendricks Commercial Properties, LLC's main competitors?

Broad incumbents on record are Kite Realty Group, Phillips Edison & Company, The Howard Hughes Corporation and Brixmor Property Group. Direct peers are Casto, Poag Shopping Centers, Steiner + Associates, RED Development and North American Properties. Trademark Properties is listed as an emerging player.

Does Hendricks Commercial Properties, LLC have an API?

No public API is recorded for Hendricks Commercial Properties, LLC.

What industry is Hendricks Commercial Properties, LLC in?

Hendricks Commercial Properties, LLC's product category is Commercial Real Estate Development. Its primary akta.pro industry code is BPAJAMAK, Real Estate Investment Management (Acquisitions & Dispositions), with a secondary code of BPAJAGAE, Mixed-Use Property Management. Its NAICS code is 531120 and its SIC code is 6512.

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Live signals
EIN PresswireTraci Leigh-Ane Skolaski, Featured By Influential Women, Transforms Risk Management Through Enterprise-Wide ExpertiseTraci Leigh-Ane Skolaski, Senior Vice President of Risk Management at Hendricks Commercial Properties, has over two decades of enterprise risk experience. She has delivered over $1.8 million in realized savings and reduced workers' compensation costs by $2.67 million at Milwaukee County Transit System. She advocates for risk management as a strategic business partner and embraces AI while emphasizing human expertise.The Times of IndiaAn iconic Art Deco Coca-Cola bottling factory stood unused; developers turned its 12-acre site into a mixed-use destination featuring a food hall and hotelHendricks Commercial Properties bought the former Coca-Cola bottling plant in Indianapolis in 2017 and redeveloped it into the Bottleworks District, a mixed-use destination with a hotel and food hall. The project preserved much of the building's original Art Deco character, including white terra cotta tiles and mosaics. The site was also reconnected to the city grid and linked to the Indianapolis Cultural Trail.Lane ReportFritz Farm undergoing $14.1 million retail expansionHendricks Commercial Properties announced a $14.1 million expansion at Fritz Farm, a 52-acre mixed-use lifestyle center in Lexington, Kentucky, adding three new retail buildings with more than 30,000 square feet of shopping and dining space. Construction is scheduled to begin in March 2026 with tenant delivery targeted for December 2026. The expansion aligns with HCP's strategy to develop underutilized parcels at the center while responding to continued demand from national and lifestyle brands seeking space at the property.GlobeNewswireSaggio Realty Announces Milestone Linked to Sale of Marco Island’s CVS-Anchored PlazaSaggio Realty announced the sale of Island Plaza, a CVS-anchored retail center on Marco Island, Florida, which closed in late 2025 for $26.6 million. Hendricks Commercial Properties first acquired the approximately 79,000-square-foot property in 2013 for $12.5 million and held it for 12 years, generating an estimated 9–13% IRR and approximately 2.5× equity multiple on the investment. Saggio Realty facilitated the original 2013 off-market transaction and noted the deal as one of the most impressive commercial real estate outcomes in Southwest Florida for that year.