Hendricks Family News
Nuclear Medicine Is Taking Off — And the Hendricks Family Has a Front‑Row Seat
The nuclear medicine industry is experiencing remarkable growth — it’s expected to grow by more than 300% by 2034, according to new research from Fortune Business Insights. Three powerful trends are driving that growth: rising demand, rapid technological advances, and improved treatment outcomes.
The Hendricks family has a stake in this fast‑growing space through Northstar Medical Radioisotopes, a Beloit, Wisconsin company in the Hendricks Holding Company portfolio that develops and supplies diagnostic and therapeutic radiopharmaceuticals used to detect and treat cancer. Unlike traditional reactor-based production, NorthStar's accelerator technology avoids generating long-lived radioactive waste.
Nuclear medicine is growing fast because more people are being diagnosed with cancer, heart disease, and neurological conditions — and doctors need tools that can spot these problems earlier and treat them more precisely.
At the same time, the science behind radiopharmaceuticals is advancing quickly, with new therapies and imaging agents proving they can target disease more effectively than older methods. Hospitals and manufacturers are racing to expand production, and recent FDA approvals are giving the field even more momentum.
Taken together, these trends are transforming nuclear medicine into one of the fastest-growing areas of healthcare. As demand continues to rise and new technologies expand treatment options, companies like NorthStar Medical Radioisotopes are well positioned to play an important role in the industry's future.
Construction Is Heating Up — Good News for the Hendricks Family Portfolio
U.S. construction is on an upswing — more projects breaking ground, more people getting hired, and more momentum across the industry which includes Beloit, Wisconsin-based American Construction Metals (ACM), a manufacturer of exterior metal building products used in residential and commercial construction.
ACM maintains a national manufacturing and distribution footprint with key facilities across the country, including hubs in Beloit, Wisconsin, and Shawnee, Kansas. The company operates a direct fleet of trucks to ensure timely deliveries from production lines to localized job sites.
The hiring boom is easy to spot in recent history. From April 2025 to April 2026, 192 out of 360 metro areas added construction jobs — just over half the country — according to the Associated General Contractors of America, a trade association.
Nationwide, construction jobs grew 0.8% over the past year through June, more than double the pace of overall U.S. employment. In plain terms: construction is one of the faster-growing job sectors right now.
Spending is climbing too, rebounding from a weak run in late-2025. Total U.S. construction spending rose for the third month in a row in May, another sign that the industry appears to be gaining strength and staying busy.
Recent economic reports from the Associated General Contractors of America (AGC) detail severe year-over-year price escalation for construction metals. Driven by sustained tariffs on imported metals, aluminum mill shapes and steel mill products have seen massive double-digit price increases, causing contractors to face bidding and budgeting.
In response to these fluctuating global trade policies and rising raw material costs, leading exterior building materials manufacturers, including ACM and others, have been implementing tariff-driven price increases across their product lines. You can track the latest manufacturer updates directly through the ABC Supply Contractor Center.
Fritz Farm Is Growing — And It’s About to Get Even Better
Hendricks Commercial Properties is giving a major upgrade to Fritz Farm in south Lexington, Kentucky. The company recently announced a $14.1 million expansion to the 52‑acre lifestyle center — one of the city’s go‑to spots for hanging out, shopping, and grabbing food.
A 52-acre mixed-used development, The Summit at Fritz Farm opened in 2017 on a former Fayette County tobacco farm. Now just called Fritz Farm, it was purchased by Hendricks Commercial Properties in May 2025 for $137 million.
The plan adds three new retail buildings and 30,000+ square feet of fresh shopping and dining space. The upgrade will create more places to browse, more places to eat, and more reasons to spend an afternoon there.
This project is part of a bigger long‑term strategy to build out unused areas of the property and make room for national brands and popular lifestyle shops that want in. Central Kentucky's first official Lego retail store and first Jeni’s Splendid Ice Creams location. Jeni’s Spendid Ice Creams is known for one-of-a-kind flavors, premium fresh ingredients and ultra-smooth buttercream-like texture. Jeni’s joins another new restaurant at the Fritz Farm shopping center: Cafe Patachou opened there in November.
“This next phase of development reflects the continued momentum at Fritz Farm,” said Rob Gerbitz, CEO of Hendricks Commercial Properties. “Consumers are looking for destinations that bring together shopping, dining and experiences in one place. This expansion allows us to introduce new brands while continuing to elevate the overall experience for the Lexington community.”