Holding company buys former American Specialty buildings
ROANOKE, Ind. (Inside INdiana Business) – California-based Waterfield Enterprises has acquired the former American Specialty Insurance building complex in Roanoke. Financial details were not disclosed, but the company says it will relocate its headquarters from Los Angeles to the newly-acquired complex in the Huntington County town.
The historic buildings include about 24,000 square feet. Waterfield says it will remodel the street level into expanded retail and will maintain the second level for office space.
“We are very pleased to be a permanent part of the Roanoke community,” says Richard Waterfield, president of Waterfield Enterprises. “During the many years I spent in New York and LA I always thought of Indiana, where I was born and raised, as home. My wife and I are happy to be back raising our three young children amidst legendary Midwestern Values and Hoosier Hospitality. Roanoke is a beautiful example of both, complete with Joseph Decuis and Rex’s Barbershop. It is the quintessential American small town.”
Waterfield is a global holding company that serves more than 300 organizations in banking, finance, and insurance, among others. The company did not disclose a timeline for its relocation.