Accessibility Statement Skip Navigation
  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing
  • Login
  • GDPR
  • Create a Free Account
Return to PRWeb homepage
  • News
  • Resources
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All News Releases
      • Multimedia Gallery

      • All Multimedia
      • All Photos
      • All Videos
  • Business & Money
      • Auto & Transportation

      • Aerospace, Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads and Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking and Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers and Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalization
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls and Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil and Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defense
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation and Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking and Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers and Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines and Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics and Personal Care
      • Fashion
      • Food & Beverages
      • Furniture and Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewelry
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks and Tourist Attractions
      • Gambling & Casinos
      • Hotels and Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Advocacy Group Opinion
      • Animal Welfare
      • Congressional & Presidential Campaigns
      • Corporate Social Responsibility
      • Domestic Policy
      • Economic News, Trends, Analysis
      • Education
      • Environmental
      • European Government
      • FDA Approval
      • Federal and State Legislation
      • Federal Executive Branch & Agency
      • Foreign Policy & International Affairs
      • Homeland Security
      • Labor & Union
      • Legal Issues
      • Natural Disasters
      • Not For Profit
      • Patent Law
      • Public Safety
      • Trade Policy
      • U.S. State Policy
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Hamburger menu
  • Cision PRWeb provides efficient communication tools to continuously engage with target audiences across multiple online channels
  • Create a Free Account
    • ALL CONTACT INFO
    • Contact Us


      11AM ET Sunday – 8PM ET Friday

  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • News in Focus
    • Browse All News
    • Multimedia Gallery
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR

Hoffmann Commercial Real Estate Banks on the Lasting Appeal of Destination Shopping
  • USA - English


News provided by

Creative Marketing Associates

Aug 28, 2017, 09:00 ET

Share this article

Share toX

Share this article

Share toX

Fresh paint and new awnings have given Lincoln Avenue in Winnetka a revitalized look and feel.
Fresh paint and new awnings have given Lincoln Avenue in Winnetka a revitalized look and feel.

Wilmette, IL (PRWEB) August 28, 2017 -- While analysts wring their hands over the impending death of brick-and-mortar retail stores, maverick investors are seizing the opportunity to re-invigorate the downtown shopping experience. Hoffmann Commercial Real Estate is leading that charge, aggressively expanding its portfolio in carefully targeted markets to create attractive destination neighborhoods filled with successful local businesses.

The positive buzz and energy going on with Hoffmann buying buildings and renovating is exactly what the community needs. -- Patrick O'Neil, Winnetka restauranteur.

Post this

“Of course, the retail paradigm is shifting,” acknowledges Greg Hoffmann, CEO of Hoffmann Commercial Real Estate, “but people will still leave their computers at home for a positive experience in their communities. As property owners, our goal is to create that exciting neighborhood atmosphere that draws people out.”

Hoffmann’s strategy identifies high-potential properties in curated, concentrated areas as existing owners back away from retail sectors. The company then invests in both improvements to individual properties and enhancements to the general neighborhood, ranging from fresh paint, awnings, and signage to sculpture walks, live music performances, and other promotions. Result: sleepy downtowns become engaging destinations for shopping and dining.

Based on the North Shore, the company has transformed downtown shopping areas in Avon, Colorado including the Beaver Creek Ski Resort and Naples, Florida’s Old Towne 5th Avenue South, achieving tenancy rates of 97 percent across more than 60 properties nationwide. Hoffmann is now expanding its footprint in the North Shore suburbs of Chicago, particularly in downtown Winnetka where it has acquired 14 properties. Most of the tenants are small businesses, many with deep roots in the community. Storefronts along Lincoln Avenue, Elm Street, and Chestnut Court are being spruced up, and foot traffic to local cafes and businesses is boosted by new statuary and weekend music.

“A community like Winnetka is a prime setting for our business model,” observes Hoffmann. “The population has a healthy level of disposable income and is trending younger, with residents who enjoy walking, biking, and socializing locally. We have tenant businesses that are part of local history, such as Lakeside Foods, Trifecta Grill, Little Ricky’s, Café Aroma, Stacked & Folded, Mirani’s at Home, Sara Campbell, Optique, JMcLaughlin, Orrington Jewelers, Mark Beard, and Donald Stuart. As property owners, we can help our tenants maintain their existing customer relationships and also attract new foot traffic.”

Hoffmann’s business tenants appreciate the company’s commitment to enhancing the overall appeal of their properties.

“The positive buzz and energy going on with Hoffmann buying buildings and renovating is exactly what the community needs,” believes restauranteur Patrick O’Neil, owner of Little Ricky’s and Trifecta Grill. “As a long-standing board member of the Business Community Development Commission of Winnetka, this is the kind of ownership we have been waiting for. My wife Mary and I have owned three restaurants, a women’s clothing boutique, and a detail car wash all in Winnetka. We share the company’s vision and appreciate their investment in a community that has huge potential for growth.”

“We are excited by the very visible improvements taking place in Winnetka,” notes Kaveh Mirani, owner of Mirani’s at Home catering. “The fresh paint and new awnings make a real difference, and the sculpture walk is interesting and attractive. Lincoln Avenue is looking great.”

Having grown up in the family business, Greg Hoffmann takes the long view for the future of retail. “This isn’t the first transformation for retail-based real estate,” says Hoffmann. “Downtowns lost customers to malls decades ago, which then lost to big box stores, which now are buffeted by online competition. We see the next phase as the rediscovery of the power of local shopping experiences.”

Hoffman adds, “I think America’s Downtown represents memories for children, families, and friends. It lends itself to a feeling of being connected and identifying with the community, a place to be proud of and a lifetime of childhood and family memories that cannot be replaced in malls or via the Internet. We hope to enhance and bring that downtown vibe back to life.”

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 headquartered on the North Shore of Chicago. Hoffmann Commercial Real Estate transforms and maintains properties to a Class “A+” standard, or more commonly known as the “Hoffmann Standard.” This commitment to excellence contributes to the company’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 HoffmanCRE.com.

Nancy Gerstein, Creative Marketing Associates, http://cmacreative.com/, +1 847-401-0384, [email protected]

Modal title

Contact PRWeb

  • 11AM ET Sunday – 8PM ET Friday
  • Contact Us

About PRWeb

  • About PRWeb
  • Partners
  • Partnership Programs
  • Editorial Guidelines
  • Resources

Why PRWeb

  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing

Accounts

  • Create a Free Account
  • Log in
  • Contact Us

Do not sell or share my personal information:

  • Submit via [email protected] 
  • Call Privacy toll-free: 877-297-8921

Contact Cision

Products

About

My Services
  • All News Releases
  • Online Member Center
  • ProfNet
Cision Distribution Helpline
888-776-0942
  • Legal
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 Cision US Inc.