Streets of Delafield are lined with Colonial-style
buildings built in the 1990s and early 2000s by
developer Bob Lang and now owned by Hendricks Commercial
Properties. Company CEO Diane Hendricks is rated by
Forbes as one of the wealthiest self-made female
business owners in the country.
Kelly Smith/Special to The
Downtown Delafield's largest property owner is among the
400 richest Americans, according to Forbes Magazine.
owner of Hendricks Commercial Properties and co-founder
of ABC Supply Company, is the 122nd richest person in
America, according to the magazine.
In a series of
transactions in 2015 and 2016, Hendricks Commercial
Properties acquired 15 downtown buildings, most of them
iconic Colonial-style structures built by developer Bob
Lang that became the city's signature.
ABC Supply of
Beloit, according to Forbes, is one of the largest whole
distributors of roofing, siding and windows in America.
It maintains a branch location in Hartland at 550 S.
Industrial Park Drive, near the Hwy 83/Hwy 16
has a net worth of $4.9 billion, compared to $3.8
billion in 2016, which moved her up from 150th in the
Forbes, she is wealthier than President Donald Trump,
whose net worth fell by $600 million to 3.1 billion,
dropping him from 156th in 2016 to 248th in 2017.
year, Forbes recognized Hendricks as the second richest
self-made woman in America. In 2016, she was ranked as
the richest self-made woman by Forbes.
are based on federal regulatory documents, court
records, and reports of ownership of public and private
companies as well as real estate holdings and ownership
of valuable antiques, jewelry and other collectables.
John Menard Jr.,
owner of the Eau Claire-based Menards home improvement
chain, was the wealthiest ($9.9 billion) of nine
Wisconsin business owners on the list.
included Herbert Kohler of Kohler Company ($8.5
billion), James Cargill II of Cargill food and
agricultural company ($4.2 billion), four members of the
Johnson Family of SC Johnson (each $3.8 billion) and
Judy Faulkner of the medical record systems company Epic
Systems in Verona ($3.4 billion).
Hendricks Commercial Properties in 1974. In 1982, she
and her husband Ken established ABC Supply Company.
He died in 2007
from injuries suffered during a fall in the garage at
their home in Afton, a Rock County community located
between Janesville and Beloit.
In June of 2015,
Hendricks Commercial Properties purchased the 38-room,
12,000 square-foot Delafield Hotel out of receivership
for a reported $2.5 million.
The hotel was
built as one of four warehouses to store the Lang
Company inventory of greeting cards, calendars,
stationary and specialty gifts that were popular in the
1990s in retail stores across the country.
were among the nearly dozen Colonial style two- and
three-story commercial buildings Lang built in the 1990s
and early 2000s during the peak of the card company's
Acquisitions and sales
After Lang sold
the card company in 2003, he and one of his top
assistants, Rob Gerbitz, began remodeling the warehouse
into a high-end boutique hotel that Lang later sold to a
became president and CEO of Hendricks Commercial
Properties. In May of 2016, that company purchased from
the Steinergroup of Cudahy more of the Lang-developed
strapped and heavily invested in building the Erin Hills
Golf Course, the site of the 2017 U.S. Open, sold the
buildings to Steinergroup in 2007.
In November of
2016, Hendricks Commercial Properties purchased the
Lang-built 711 Wells Street office building from Villard
Company in Brookfield, bringing to 15 the number of
buildings in downtown Delafield owned by the
Beloit-based commercial real estate company.