Pettit Square, located at 292-296 14th Avenue South, is one of several properties purchased by Hoffmann Commercial Real Estate, the largest owner of commercial properties in Naples.
“The addition of these properties is the evolution of our major commitment to Naples." -- Greg Hoffmann, CEO of Hoffmann Commercial Real Estate.
NAPLES, Fla. (PRWEB) November 22, 2017
Expanding its presence as the largest owner of commercial properties in Naples, Hoffmann Commercial Real Estate has purchased two new properties and placed an additional four new addresses in downtown Naples under contract with plans to close by the end of January 2018. Once these acquisitions are completed, the company will own 21 properties in the city, concentrated in the prestigious South Naples retail district and valued in excess of $250M and growing.
Hoffmann Commercial Real Estate’s aggressive investment in Naples reflects the company’s commitment to developing and invigorating the entire downtown area. Since the start of 2017, six total buildings have been added to the Hoffmann collection including the newest at 292-296 14th Avenue South and 271 Broad Avenue, as well as 649 Fifth Avenue South, 630 Fifth Avenue South, 375 13th Avenue South, and 393 Broad Avenue. The additional four addresses under contract are 360 12th Ave. South (home of The Bevy restaurant), as well as 990 First Avenue North, 950 First Avenue North, and 80-90 First Avenue North.
Acquiring large segments of targeted districts supports a prevailing company goal: the creation of attractive, welcoming retail neighborhoods where local businesses can flourish. The company prides itself on upgrading vintage properties, maintaining local character and enhancing public spaces to attract shoppers for tenants. Enhancements in Naples include the addition of a sculpture walk near Hoffmann properties in the Fifth Avenue and Third Street areas, a live music series, and sponsorship of the Slidr shuttle service that provides free rides to shoppers around downtown.
“The addition of these properties is the evolution of our major commitment to Naples,” notes Greg Hoffmann, CEO of Hoffmann Commercial Real Estate. “These are outstanding properties that complement our existing holdings. We look forward to the opportunity to revitalize Third Street South, and link it with our holdings near Fifth Avenue South to position Old Naples as a leading shopping and dining destination.”
For more information on Hoffmann Commercial Real Estate, visit HoffmannCRE.com.
About Hoffmann Commercial Real Estate
Hoffmann Commercial Real Estate is an established real estate holding company and the largest owner of commercial properties in downtown Naples, FL. Hoffmann Commercial Real Estate transforms and maintains properties to a Class “A+” standard, more commonly known as the “Hoffmann Standard.” This commitment to excellence contributes to Hoffmann Commercial Real Estate’s overall tenancy rate of 97 percent. The Company's portfolio is rapidly growing, consisting of both stabilized and value-add properties in strategic locations throughout the country, with future investments in the United States and abroad. Our reputation represents an unrivaled commitment to excellence and is becoming more widespread with every transaction. Learn more at HoffmannCRE.com.