On Monday, Hoffmann closed on its purchase of the Four Corners building at 898 Fifth Ave. S., said Greg Hoffmann, a principal in the firm. He wouldn’t disclose the selling price, and the deed hasn’t officially been recorded, so the price hasn’t showed up in public records yet.
In October the company purchased seven more buildings at: 305 Fifth Ave. S., 365 Fifth Ave. S., 375 Fifth Ave. S., 405 Fifth Ave. S., 625 Fifth Ave. S., 780 Fifth Ave. S. and 900 Fifth Ave. S. It also bought a lot at Fourth Avenue South and Fourth Street South, where it plans to build condominiums. The purchase price was an eye-popping $74.35 million.
“The Four Corners building will make a great addition to the Hoffmann’s portfolio. It will be the celebrity of the Fifth Avenue collection,” said Clark Pear, the listing agent with Premiere Plus Realty in Naples.
See full article in Naples Daily News: Hoffmann Commercial Real Estate Buys World Famous Four Corners of Naples Building
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