Hendricks Commercial Properties Brings High Alpha Headquarters to Historic Bottleworks District on Mass Ave
Indianapolis-Based Venture Studio Announces Plans to Move Offices to Iconic 12-Acre Site
INDIANAPOLIS – September 21, 2018 – High Alpha, a leading venture studio and early-stage venture fund, today announced plans to move its corporate headquarters to the Bottleworks District, a $300 million, 12-acre urban mixed-use development on the northeast end of Mass Ave. Earlier this year, High Alpha signed a lease with Hendricks Commercial Properties to move their headquarters. Jenna Barnett, Executive Managing Director at Newmark Knight Frank, represented High Alpha in the transaction. Matt Langfeldt and Rich Forslund of Colliers International represented Hendricks Commercial Properties. When High Alpha makes the move in summer of 2020, they will join the west elm Hotel, local food makers and vendors at The Garage food hall, restaurateurs, and retailers in this iconic transformation on Mass Ave.
High Alpha’s mission is to create and fund companies through a new model for entrepreneurship that unites company building and venture capital. Indianapolis-based High Alpha Studio companies include Sigstr, Zylo, Lessonly, Doxly and Pattern89. This announcement follows High Alpha’s recent announcement that they had raised over $100M in new funding to launch High Alpha Capital II and High Alpha Studio II.
“The Bottleworks project closely aligns with our core values of dreaming big and expecting more,” said Kristian Andersen, partner at High Alpha. “We are thrilled to be affiliated with such a progressive and dynamic mixed-use development. We believe it will be the perfect location for us to continue serving entrepreneurs and contributing to the growth of the Indianapolis tech community.”
“In the last ten years, Indianapolis has quietly become a force in the technology sector, in the United States and beyond. The city is now a true hub for innovative ideas and growth. Which is why we are very pleased to announce High Alpha as the anchor tenant in our first new office building at the Bottleworks District. Scott Dorsey, Kristian Andersen, Mike Fitzgerald, and Eric Tobias embody the entrepreneurial spirit that we at Hendricks Commercial Properties live every day, and their spirit is what makes Indianapolis such an amazing city to be a part of,” said Rob Gerbitz, President and CEO of Hendricks Commercial Properties. “We’re excited to see what High Alpha can do, and of course, to see this collective vision come to life.”
A $300 million, 12-acre urban mixed-use development, Bottleworks will fuse past and present by reimagining the iconic Coca-Cola building on Mass Ave in Indianapolis. The largest private development of its kind in Indiana, Bottleworks will serve as a culinary, arts, and entertainment hub, featuring The Garage food hall and a 150-room west elm Hotel—both firsts for the state—as well as unique residential options and 175,000 square-feet of prime retail space. Designed in conjunction with RATIO and Eppstein Uhen Architects, the first phase of the transformation is expected to be completed in Spring of 2020, with three additional phases to follow.
To learn more about the project, visit www.bottleworksdistrict.com.
About High Alpha:
High Alpha is a leading venture studio focused on building next-generation enterprise cloud companies through a new model for entrepreneurship that unites company building and venture capital. The High Alpha team creates and launches new businesses internally, in addition to partnering with entrepreneurs, large corporations and other investors to conceive, launch and scale new businesses. The venture studio is led by proven tech entrepreneurs Scott Dorsey, Eric Tobias, Kristian Andersen and Mike Fitzgerald. For more information: highalpha.com or on Twitter at @highalpha.
About Hendricks Commercial Properties:
Hendricks Commercial Properties (HCP) first entered the Indianapolis market in 2012 with the mixed-use Ironworks at Keystone project, which has received numerous awards, including the NAIOP-Indiana Best Mixed-Use Development of 2014, Indy Chamber’s 2015 best “Neighborhood Revitalization” award, and Indy Chamber’s 2015 best “Real Estate Development” award.
For more than 40 years, HCP of Beloit, Wis. has worked to transform their commercial real estate visions into realities. Established to help communities and small businesses thrive, HCP serves as an active partner in communities in which they have property. HCP offers the full spectrum of real estate development services, including site selection, licensing and permitting, property acquisition, due diligence, construction management and financing. HCP manages and owns more than 9 million square feet of real estate property in 30 states across the United States.