Buy Side
December 6, 2017
Greg Hoffmann doesn’t just want to own commercial property in downtown Naples — he wants to dominate the market.
And he is. Hoffmann, CEO of Chicago-based Hoffmann Commercial Real Estate, a family controlled firm that also owns portfolios in St. Louis and Avon, Colo., has spent roughly $200 million to acquire 17 “Old Naples” buildings over the past three years.
As a result of the purchases, clustered around Fifth Avenue South, Third Street and First Avenue North, the firm today is downtown Naples’ largest commercial property owner as measured by square feet.
“We’re big believers in Naples,” says Hoffmann. “Everyone there has the same vision, and we want to be a part of that and make our properties better and better.”
