Hendricks Commercial Properties, LLC
- Company typePrivate
- Founded1974
- HeadquartersBeloit, United States
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
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
Where Hendricks Commercial Properties, LLC is headquartered
LocationHeadquarters
- 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
- Commercial Property Rental Income: Long-term leasing of retail, office, and mixed-use commercial spaces to tenants including national brands and lifestyle retailers.
- 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 offeringCore 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 profileNamed customers2 records
Segments2 records
Ideal customer profiles4 records
Hendricks Commercial Properties, LLC technology and API
TechnologyTechnology 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 signalScale indicators6 records
Recent moves6 records
Expansion highlights4 records
Hendricks Commercial Properties, LLC competitors and assessment
Company assessmentBroad 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 presenceHendricks Commercial Properties, LLC financial estimates
Financial estimateRevenue estimate
Valuation estimate
Hendricks Commercial Properties, LLC leadership team
Management profileNumber of profiles
Profiles2 records
Hendricks Commercial Properties, LLC subsidiaries and ownership
Company hierarchySubsidiaries2 records
Hendricks Commercial Properties, LLC funding detail
Funding detailFunding 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 investmentM&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.