Hendricks Commercial Properties

Hendricks Commercial Properties

Revitalizes historic properties into modern destinations

Overview

Hendricks Commercial Properties revitalizes historic properties in Beloit, Wisconsin and beyond, turning old buildings into places where businesses can thrive and communities can grow. They first identify each community’s needs, then develop a product that blends history with modern luxury to create a destination that people want to be part of. Unlike others, they focus on integrating restoration with upscale amenities to drive economic activity, job creation, and vibrant neighborhoods. The goal is to transform spaces into functional, desirable hubs that support local businesses and uplift the community.

About Hendricks Commercial Properties

Simplify's Rating
Why Hendricks Commercial Properties is rated
C+
Rated C on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Design

Real Estate

Company Size

51-200

Company Stage

N/A

Total Funding

N/A

Headquarters

Moline, Illinois

Founded

1974

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Simplify's Take

What believers are saying

  • Hendricks announced $14.1 million Fritz Farm expansion on March 17, 2026.
  • Its September 5, 2026 news shows fresh leasing momentum in Santa Barbara and Beloit.
  • The Circle Centre redevelopment starts preconstruction in 2026, creating a large future fee pool.

What critics are saying

  • Circle Centre faces tenant lawsuits in February 2026, signaling weak occupancy quality.
  • Traction Yards depends on 2026 vacates and 2029 opening; delays trap capital.
  • If Indianapolis incentives or tenant demand slip, the $600 million rewrite stalls indefinitely.

What makes Hendricks Commercial Properties unique

  • Hendricks repositions dead malls into mixed-use districts, now Traction Yards and Bottleworks.
  • The firm pairs development with leasing, asset management, and tenant curation across properties.
  • Hendricks keeps adding experiential retail, from Wear & Roam to Iron Core Pilates.

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Benefits

Flexible Work Hours

Paid Time Off

401(k) Company Match

Employee Discounts

Pet Insurance

Company News

Idaho Press
Feb 26th, 2024
Coming up in this week's Boise Weekly

The hotel is a joint venture between Hendricks Commercial Properties and the Geronimo Hospitality Group, the latter which was also instrumental in building The Warehouse Food Hall.

WRTV
Dec 20th, 2023
Circle Centre Mall sold to Wisconsin-based Hendricks Commercial Properties

Circle Centre Mall sold to Wisconsin-based Hendricks Commercial Properties.

Indiana Landmarks
Jul 7th, 2023
NEWS

Hendricks Commercial Properties won Indiana Landmarks’ 2023 Cook Cup for Outstanding Restoration for recapturing the Art Deco splendor of Indianapolis’s former Coca-Cola Bottling Plant and garages as Bottleworks, a boutique hotel (above) and food and entertainment hub.

The Business Journals
Mar 2nd, 2023
Delafield advances plans to add houses near St. John's Northwestern Military Academy

Hendricks Commercial Properties purchased 112 acres from St. John's Northwestern Military Academy around two years ago.

Inside Indiana Business
Nov 14th, 2021
Hendricks Development Group LLC hires Gavin Thomas as vice president of development

Hendricks Commercial Properties, the Beloit-based developer of the historic Bottleworks District on Mass Ave, has named Gavin Thomas vice president of development.

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