Indy Becoming Force in the Tech Sector
High Alpha, a leading venture studio and early-stage venture fund, will move its HQ to the city's newest mixed-use district.
INDIANAPOLIS—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 Massachusetts 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. When High Alpha makes the move in summer of 2020, they will join the west elm Hotel, which recently broke ground, local food makers and vendors at The Garage food hall, restaurateurs, and retailers in this transformation of the Mass Ave. District.
The firm’s companies include Sigstr, Zylo, Lessonly, Doxly and Pattern89. High Alpha recently raised over $100 million 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,” says 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 US and beyond,” says Rob Gerbitz, president and chief executive officer of Hendricks “The city is now a true hub for innovative ideas and growth.”
A $300 million, 12-acre urban mixed-use development, Bottleworks will transform the city’s iconic Coca-Cola building. The largest private development of its kind in IN, Bottleworks will serve as a culinary, arts, and entertainment hub, as well as residences and 175,000 square-feet of prime retail space. Designed in conjunction with RATIO and Eppstein Uhen Architects, the developers will complete the first phase by Spring of 2020, with three additional phases to follow.