Reaanddit Reap!
SEPTEMBER 6, 2019
THE BUSINESS NEWSPAPER OF GREATER OMAHA, LINCOLN AND COUNCIL BLUFFS
$2.00
VOL. 45 NO. 36
Tetrad maps geographic expansion of development services
THIS WEEK 'S ISSUE:
by Richard D. Brown
Nicola’s Italian Wine & Faire owner refocuses after closing bakery. – Page 2
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Diverse corners of aviation strike balance between high technology, human touch. – Page 6
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Firms adapt in life insurance space in heightened competitive environment. – Page 26
The owners of Nebraska-based Tetrad Property Group, a real estate development company, which oversees projects in Iowa, Missouri and New Mexico, is mulling opportunities in the western part of the country — especially in the Salt Lake City area. “It might be time for taking a little bit of a road show out and expanding our geography into the Northwest and possibly into the Salt Lake City area,” said Tetrad Property Group President Chad Beeson. Beeson, a 25-year veteran of real estate management and project management who joined Tetrad six years ago and was appointed president of the 34-employee business last November, said revenues this year are up by at least 20% over 2018. Public sector projects include a new building for DC West Public Schools and an $86 million Ambulatory Care Center on the Department of Veterans Affairs campus in central Omaha. Work in the private Continued on page 12.
President Chad Beeson … Real estate development firm aiming to expand geographic reach. (Photo by MBJ / Becky McCarville)
Rossitto and Associates builds on real estate tax niche, coastal clients by Becky McCarville
Omaha-based Rossitto and Associates, a public accounting firm that specializes in real estate taxation with a majority of clients on the coasts, is looking to build its regional client base. “We’re luckily in the Midwest, in the center of where all of our clients are located,” said Partner Amy Thompson. “That’s a little bit unique as far as a public accounting firm in Nebraska. We’re here but
working with clients all over the country.” A majority of clients are on the West Coast, about a third on the East Coast and about 10-20% locally. “With technology today it doesn’t really matter so much where you are,” said Partner Mary Smith, adding that the firm is seeing the trend of working remotely reflected in its clients as well. Smith and Continued on page 12. CFO Dave Enholm … Newly-launched website, digital teams in Chicago and Toronto represent Omaha-born nutritional company’s focus on e-commerce.
Complete Nutrition invests in e-commerce, takes on smaller footprint for storefronts by Michelle Leach
Partners Mary Smith, left, and Amy Thompson … Looking to grow Midwest client base with a move to a more visible office space and rebrand to create a fresh look.
While by no means abandoning the retail stores that have enabled Complete Nutrition to grow in its roughly 15-year history, the Omaha-headquartered health and wellness products retailer has invested in digital teams and offices in Chicago and Toronto, and a new website, as it aims to take a bigger bite out of the e-commerce space. “More consumers are going
online,” said CFO Dave Enholm from its Omaha home office. “In March of 2019, we made a strategic business decision … to primarily focus on e-commerce. We sold 18 of our corporately-owned stores, but still maintain a number of franchise locations today.” Founded by Cory Wiedel, Complete Nutrition combines science with customized solutions to offer Continued on page 13.