Enterprise Center small-business incubator sold

  • Comments
  • Print

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.

Please enable JavaScript to view this content.

Story Continues Below

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our updated comment policy that will govern how comments are moderated.