Enterprise Center small-business incubator sold

October 18, 2007

The near-east-side Indianapolis Enterprise Center has been sold to an undisclosed buyer from California.

Seller Scott Meyers purchased the 200,000-square-foot incubator in May 2005 and has since added 34 companies and 10,000 square feet of office and warehouse space.

It has a total of 72 tenants who share equipment and pay lower rent until they are healthy enough to operate on their own. The incubator has "graduated" three companies, Meyers said.

Meyers, a local real estate investor, said he sold the building at 55 S. State Ave. to devote more time to his self-storage business and two startup companies he owns.

Incubator tenants include Bosma Industries, Half Price Books and HealthNet Inc.
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