Strengthening Their Presence in the Clayton Office Market

Clayton, MO (Nov. 22, 2024) — ​​Hoffmann Commercial Real Estate (HCRE), part of the Hoffmann Family of Companies, is pleased to announce the completion of its acquisition of the Pierre Laclede Center in downtown Clayton, Missouri. The property is a top-tier business hub, attracting corporations, startups, and professional service firms seeking premium office rentals. HCRE plans to invest further in the property to enhance its amenities and aesthetics, aiming to attract more businesses.

“We are thrilled to welcome the Pierre Laclede Center into our expanding portfolio,” said Greg Hoffmann, Principal & CEO of HCRE. “This acquisition represents a significant milestone for us, as it not only strengthens our presence in the Clayton office market but also underscores our commitment to investing in properties that are integral to the local community. We look forward to enhancing the property further and continuing to support the businesses and residents who make this area vibrant.”

The site includes two office towers offering nearly 600,000 square feet of space. This acquisition significantly increases HCRE’s total investment in the area, now nearing 1,000,000 square feet.

HCRE’s diverse portfolio features retail, commercial, and office spaces, multi-family housing, industrial properties, and land under development. Dedicated to upgrading each property to a Class “A+” standard, HCRE’s portfolio is valued at over $1 billion.

HCRE is experiencing rapid growth, building a portfolio that includes both stabilized and value-added assets in prime locations across the country. Recently, the company announced three acquisitions in Chicago’s vibrant North Shore, where it is one of the largest landlords.

Currently, HCRE’s portfolio includes properties in California, Canada, Colorado, Florida, Georgia, Illinois, Indiana, Kansas, Michigan, Minnesota, Missouri, Pennsylvania, Tennessee, Texas and Wisconsin. 

About Hoffmann Commercial Real Estate
Hoffmann Commercial Real Estate (HCRE), a subsidiary of HF Companies, is a premier real estate investment and development firm specializing in the acquisition, management and redevelopment of commercial properties. With a diverse portfolio that spans stabilized and value-added assets, HCRE is committed to enhancing the communities in which it operates through thoughtful development and superior property management. HCRE’s strategic investments are focused both within the United States and internationally, reinforcing its position as a leader in the commercial real estate industry. For more information, visit www.hoffmanncre.com.

Dallas, TX (Nov. 14, 2024) — The Hoffmann Family of Companies (HF Companies) has acquired a significant stake in DallasNews Corporation, the parent company of The Dallas Morning News, and has filed a Schedule 13D with the Securities and Exchange Commission, as required. HF Companies is now one of the top shareholders in DallasNews Corporation. Founded in 1885 by Alfred H. Belo, The Dallas Morning News is the 14th-largest newspaper in the United States. It reaches an active monthly audience of over 12 million people across its print and digital platforms.

This investment follows HF Companies’ recent acquisition of shares in Lee Enterprises, the nation’s fourth-largest newspaper chain. The Hoffmann Family of Companies now holds the position of the second-largest shareholder in Lee Enterprises and plans to continue increasing its stake. HF Companies has acquired an additional 1% in Lee Enterprises, now owning 538,763 shares, resulting in a 13D amendment filing. 

In addition to its stakes in Lee Enterprises and DallasNews Corp., HF Companies owns Hoffmann Media Group, a privately held media firm with a portfolio of approximately 19 news-related properties across the United States. The company is led by CEO Pason Gaddis, who co-founded a newspaper group acquired by HF Companies in 2022 and previously held roles at Gannett, the nation’s largest newspaper chain. Under his leadership, Hoffmann Media Group has become a significant player in the private media sector. If Hoffmann Media Group, Lee Enterprises and DallasNews Corporation combined, they would become the second-largest newspaper group in America.

David Hoffmann, a Forbes-listed billionaire and Chairman of HF Companies, recently reaffirmed the organization’s long-term strategy in The New York Times, highlighting his belief that local newspapers remain an integral part of the American fabric and are currently undervalued. “I am focused on building a national presence in the newspaper industry. Our group is impressed with the strategic vision of the management teams at both DallasNews Corp. and Lee Enterprises. In our team’s assessment, both companies are successfully transitioning to sustainable digital business models while reducing exposure to their legacy print operations. This presents an attractive investment opportunity with these assets significantly exceeding current stock prices, among other favorable metrics.”

About Hoffmann Media Group
Hoffmann Media Group, a privately held media company based in Southwest Florida, publishes a variety of print, online, mobile, and email publications. Over the past 15 years, our writers, designers and ad builders have earned over 200 awards from the Florida Press Association, Society of Professional Journalists and Florida Newspaper Advertising and Marketing Executives Association. The Florida Press Association has recognized us as the best in the state for content, consumer experiences and advertising services. Our flagship brands serve over 30 markets, offering premier digital advertising services, newspapers, and magazines across Florida, California, Michigan and beyond. (20 Newspapers, Magazines, and Media Investments) For more information, visit www.hoffmannmediagroup.com.

Fort Myers, FL (Nov. 7, 2024) — The Hoffmann Family of Companies (HF Companies) has once again increased its share ownership in Lee Enterprises. As a result, it has amended its 13D filing to reflect this increase. Under Securities and Exchange Commission regulations, companies are required to disclose any increase in their share ownership of one percent or more. On October 31, 2024, HF Companies acquired an additional one percent stake, bringing its total ownership to 476,863 shares. Since then, the company has increased its ownership to 8.41% or 520,863 shares, making it the second-largest shareholder. HF Companies intends to continue growing its investment as market conditions present themselves.

“We continue to have strong confidence in Lee Enterprises’ management team. We believe they’re on the right digital migration path and reducing their exposure to legacy costs to build a sustainable business model,” stated Pason Gaddis, CEO of Hoffmann Media Group.

Lee Enterprises, the fourth-largest newspaper company in the U.S., operates in 26 states with 77 newspapers and over 350 weekly and specialty publications serving 73 markets nationwide. A merger between Hoffmann Media Group and Lee Enterprises would position the combined company as the third-largest newspaper entity in the country.

“HF Companies will continue to invest in Lee Enterprises. We are optimistic about the future of the newspaper industry and believe in the importance of strong, local papers that are an integral part of the fabric of the communities they serve,” said David Hoffmann, Chairman of Hoffmann Family of Companies.

About Hoffmann Media Group
Hoffmann Media Group, a privately held media company based in Southwest Florida, publishes a variety of print, online, mobile, and email publications. Over the past 15 years, our writers, designers and ad builders have earned over 200 awards from the Florida Press Association, Society of Professional Journalists and Florida Newspaper Advertising and Marketing Executives Association. The Florida Press Association has recognized us as the best in the state for content, consumer experiences and advertising services. Our flagship brands serve over 30 markets, offering premier digital advertising services, newspapers, and magazines across Florida, California, Michigan and beyond. (20 Newspapers, Magazines, and Media Investments)

For more information, visit www.hoffmannmediagroup.com.

Naples, FL (Nov. 1, 2024) — The Hoffmann Family of Companies (HF Companies) proudly announces the acquisition of Dolphin Transportation Specialists, a leading transportation provider with a fleet of over 165 vehicles, including sedans, SUVs, vans, Mercedes Sprinters, minibusses, and motor coaches.

Dolphin Transportation, founded by Francis Papps and Tim Rose, operates out of Naples, Florida, with additional locations in Miami, Tampa/Sarasota, Fort Myers and Marco Island. Tim Rose, a respected industry veteran, will continue to lead Dolphin as President and will also assume the role of President of Hoffmann Transportation Enterprises. In his expanded role, Tim will collaborate with Tamir Rankow and Randy Smith, Directors of the Hoffmann Family of Companies, to drive future acquisitions and enhance customer service offerings across the transportation portfolio.

“Dolphin Transportation began in 1994 on Nantucket Island, Massachusetts, and has grown into one of the largest operators in the country,” said Tim Rose. “Joining forces with the Hoffmann Family of Companies represents an exciting chapter for our team. We look forward to leveraging their expertise and resources to elevate the luxury transportation experience for our valued clients.”  

Tim Rose currently serves on the National Limousine Association, Florida Limousine Association and the Chauffeured Transportation Association of New Jersey Boards, and previously served as President of the Chauffeured Transportation Association of New Jersey for many years.

Dolphin Transportation specializes in premium transportation and coordination services for large events, groups and corporate clients nationwide. The company has expanded its reach through strategic acquisitions, including SRQ Transportation in Sarasota in 2020 and Key Transportation in Miami in 2021.

“We are thrilled to welcome Dolphin Transportation Specialists into the Hoffmann family,” said Randy Smith, Director of the Hoffmann Family of Companies. “Their reputation for excellence aligns perfectly with our commitment to delivering exceptional service across all our business ventures.”

With this acquisition, the Hoffmann Family of Companies solidifies its position as the largest private owner-operator of a Black Car vehicle fleet in the United States, offering comprehensive services across major cities, including Dallas, Miami, Tampa, Naples, Fort Myers, Sarasota, Marco Island, Napa and Sonoma Valley, San Francisco, St. Louis, Augusta, Missouri, and Aspen, Colorado.

Media Contact
Jessica Carruth
Director, Communications & PR
[email protected]
239.396.7474

Fort Myers, FL (Oct 29, 2024) — ​Hoffmann Family of Companies (HF Companies) announced today that it has increased its share ownership in Lee Enterprises Inc. In conjunction with the Securities and Exchange Commission rules and regulations, the company has filed a 13D amendment.

HF Companies believes the current investment places their ownership position behind Quint Digital, the largest shareholder. The company has plans to further invest in Lee Enterprises as market conditions present themselves. JPMorgan Chase is advising HF Companies on its strategy.

According to Bloomberg, the Jerrilyn M. Hoffmann Revocable Trust reported a 6.7% holding in Lee Enterprises Inc., equivalent to $6.85 million. A previous 13D filed on October 17, 2024, showed a 5.22% stake. Shares of Lee Enterprises have gained 21% since October 17, 2024, compared with the 0.6% drop in the Standard & Poor’s 500 Index.

Lee Enterprises Inc., the fourth-largest newspaper company in the U.S., operates in 26 states and owns 77 newspapers nationwide, including the St. Louis Post-Dispatch, which attracted the interest of founder David Hoffmann.

About Hoffmann Media Group
Hoffmann Media Group, a privately held media company based in Southwest Florida, publishes a variety of print, online, mobile, and email publications. Over the past 15 years, our writers, designers and ad builders have earned over 200 awards from the Florida Press Association, Society of Professional Journalists and Florida Newspaper Advertising and Marketing Executives Association. The Florida Press Association has recognized us as the best in the state for content, consumer experiences and advertising services. Our flagship brands serve over 30 markets, offering premier digital advertising services, newspapers, and magazines across Florida, California, Michigan and beyond. For more information, visit www.hoffmannmediagroup.com.

About Hoffmann Family of Companies 
Hoffmann Family of Companies is a multi-vertical, family-owned private equity firm consisting of over 110 global brands, and employs 11,000 employees with businesses located in 30 countries and 400 locations around the world. Hoffmann Family of Companies’ verticals include Aviation, Agriculture, Financial Services, Hospitality, Business & Professional Services, Industrial, Manufacturing, Marine, Media & Marketing, Real Estate, and Transportation. For more information, visit www.hfcompanies.com.

Media Contact
Jessica Carruth
Director, Communications & PR
[email protected]
239.396.7474

David Hoffmann has already bought 5 percent of one of America’s largest newspaper companies. Now, he wants to control the whole thing.

The newspaper industry has decayed so much in recent years that even Warren Buffett — the world-famous investor whose annual meetings have included a newspaper toss — has declared the business “toast.” But another billionaire is placing a counterintuitive bet that local newspapers aren’t dead yet. David Hoffmann, a Florida investor worth $1.6 billion, who has purchased more than 5 percent of Lee Enterprises, one of America’s largest newspaper companies, wants to buy up a controlling stake.

By Benjamin Mullin | Read the article here: New York Times

Mr. Hoffmann, 72, acknowledged in an interview Friday that investing in local newspapers in 2024 is a somewhat quixotic proposition. But he said that he believes print newspapers are “a key part of the American fabric.” He also thinks Lee Enterprises is undervalued by the stock market and a smart financial bet.

“These local newspapers are really important to these communities,” Mr. Hoffmann said. “With the digital age and technology, it’s changing rapidly. But I think there’s room for both, and we’d like to be a part of that.”

Mr. Hoffmann is a relative newcomer to the struggling newspaper industry. The founder of DHR Global, an executive search firm, Mr. Hoffmann parlayed his early success into a sprawling hodgepodge of companies including Mitch’s Cookies, Oberweis Dairy, the Florida Everblades minor-league hockey team and Linstol, a manufacturer of in-flight airline amenities like blankets and headsets. His family of companies, based in Naples, Fla., also includes a media group that has accumulated a handful of small newspapers, including the Mackinac Island Town Crier on Mackinac Island in Michigan and Northern California’s Napa Valley Register, a former Lee newspaper.

According to a securities filing last week, a trust connected to Mr. Hoffmann’s family paid roughly $4 million for a 5.2 percent stake in Lee Enterprises, the fourth-largest newspaper chain in the country. The company, based in Davenport, Iowa, owns roughly 75 newspapers in 26 states, including The St. Louis Post-Dispatch and The Buffalo News — which it bought from Mr. Buffett’s BH Media Group in 2020.

But Mr. Hoffmann wants to go bigger. He said his motivation was simple: He wants to preserve community news — including more local sports coverage.

A native of Washington, Mo., (population: 14,500), Mr. Hoffmann said he was raised in a home that did not have hot running water until he was a sophomore in high school. The son of a nurse and a milk delivery man, Mr. Hoffmann, who was the quarterback for his high school football team, lamented that coverage of local games was disappearing.

As newspapers die off, he said, “you don’t get to read about kids’ sports.”

Lee Enterprises, which has nearly $500 million in debt, lost roughly $3.7 million last quarter. The company has cut costs in recent years, including furloughing and laying off journalists, to offset declines in advertising and subscription revenue.

Alden Global Capital, an investment firm that has bought newspapers across the United States, submitted an unsolicited proposal in 2021 to buy the company for roughly $141 million. Lee Enterprises rejected that proposal and put in place a “poison pill” plan that prevented Alden from buying control of the company.

Though Mr. Hoffmann has plans to buy additional shares of Lee Enterprises, he said he was not a hostile activist and planned to talk to the company’s management team this week.

“We want it to be friendly,” Mr. Hoffmann said. “They have called us, as you would expect, and said, ‘What are you guys doing?’ And we’re going to sit down with them and tell them our story.”

A spokeswoman for Lee Enterprises did not respond to an email seeking comment. The company’s stock has risen about 64 percent, to $14.34, since the Hoffmann family trust went on a share-buying spree in late September. It is now valued at nearly $90 million.

Hoffmann Media Group, a subsidiary of the Hoffmann Family of Companies, bought the Napa Valley Register and other papers last month from Lee for an undisclosed sum. It now owns about 12 newspapers, said J. Pason Gaddis, the media group’s chief executive.

Mr. Gaddis said that the Hoffmann Media Group’s plan to transform Lee’s newspapers involves reinvesting in journalism to build a more substantial digital subscription business. The company would do that, in part, by consolidating the company’s printing business to regional hubs and reducing its real estate footprint.

“You put journalists back into City Council meetings, you put journalists back out at sports games for the local communities,” Mr. Gaddis said. “You have local management again in these newspapers, which has all been stripped out.”

Fort Myers, FL (Oct. 15, 2024) — ​Hoffmann Family of Companies (HF Companies) announced today that it has filed a 13D with the Securities and Exchange Commission following its latest equity purchase in Lee Enterprises, a NASDAQ-listed company (LEE). This move makes HF Companies one of the largest shareholders, with plans to further invest in Lee Enterprises. JPMorgan Chase is advising HF Companies on its strategy. Lee Enterprises, the fourth-largest newspaper company in the U.S., operates in 26 states and owns 77 newspapers, including the St. Louis Post-Dispatch, which caught the attention of founder David Hoffmann.

“We see tremendous value in Lee Enterprises’ portfolio and have great respect for the company’s management team. This strategic investment enhances our positioning in the U.S. media space,” said David Hoffmann, Chairman of Hoffmann Family of Companies. “Our goal is to continue growing our national media presence, ensuring local communities have access to quality journalism.”

In 2005, Lee Enterprises acquired Pulitzer Inc. for approximately $1.46 billion. In January 2020, Berkshire Hathaway sold its newspaper holdings to Lee Enterprises for $140 million in cash, including 30 daily newspapers such as The Buffalo News and Omaha World-Herald. Consequently, Berkshire Hathaway became a debt holder of Lee Enterprises with a $576 million, 25-year debt instrument.

Through its subsidiary Hoffmann Media Group, HF Companies has successfully acquired several publications from Lee Enterprises, including six notable California publications: Napa Valley Register, St. Helena Star, The Weekly Calistogan, American Canyon Eagle, Inside Napa Valley Magazine and Distinctive Properties Magazine. These acquisitions have strengthened Hoffmann Media Group’s commitment to local news and community engagement, aligning with its ongoing efforts to expand its media footprint and enhance local journalism across the U.S.

Pason Gaddis, CEO of Hoffmann Media Group, added, “Our investment in Lee Enterprises underscores our dedication to preserving and enhancing local journalism, enhancing our current portfolio. We believe that by investing in Lee and its management team, we can further our mission of delivering impactful stories and fostering community connections.”

Based in Fort Myers, Florida, Hoffmann Media Group combines a rich heritage of well-known newspapers with the latest in digital innovation. The company excels in creative storytelling and data-driven insights, producing engaging content that ignites meaningful discussions and builds lasting connections within the communities it serves. By leveraging digital advancements, Hoffmann Media Group offers dynamic advertising solutions and interactive experiences across websites, mobile apps and e-editions, consistently redefining multimedia engagement and setting new benchmarks for excellence.

About Hoffmann Media Group
Hoffmann Media Group, a privately held media company based in Southwest Florida, publishes a variety of print, online, mobile and email publications. Over the past 15 years, our writers, designers and ad builders have earned over 200 awards from the Florida Press Association, Society of Professional Journalists, Florida Newspaper Advertising and Marketing Executives Association. The Florida Press Association has recognized us as the best in the state for content, consumer experiences and advertising services. Our flagship brands serve over 30 markets, offering premier digital advertising services, newspapers and magazines across Florida, California, Michigan and beyond. For more information, visit hoffmannmediagroup.com.

Dallas, TX (Oct. 7, 2024)—The Hoffmann Family of Companies (HF Companies) announced today the acquisition of Premier Transportation, a leading transport provider with an extensive fleet of over 60 vehicles that include sedans, vans, limousines, Mercedes Sprinters, minibusses and motor coaches. Premier Transportation serves the Dallas-Fort Worth area, while also extending its reach globally through its Premier Drives Global network.

Since 1996, under the leadership of Kelly and Eric Devlin, Premier Transportation has set the standard for excellence in Dallas’ ground transportation industry. The company has earned the prestigious ‘National Operator of the Year Award’ from the National Limousine Association on three occasions—2009, 2011 and 2017. Further highlighting the national reputation and profile of the Premier Transportation brand, Eric Devlin is a featured keynote speaker at this year’s National Limousine Association meeting on October 14^th as part of the panel providing a “State of the Industry” address.

“Having Kelly, Eric and the entire Premier staff and chauffeur corps join our family is a perfect fit for both companies,” said Tamir Rankow, Director at HF Companies. “We have so much in common, and our Five-Star focus is aligned in delivering exceptional customer service.”

Rankow continued, “Kelly and Eric will fit right into the family, as they share the same ethics and principles as we do. They are down-to-earth, wonderful people who are highly regarded in the industry and are experienced professionals in transportation and logistics.”

This mutually beneficial transaction is further supported by the strategic growth envisioned for Texas and the immense value of the Dallas market. Few destinations rival Dallas, with its dynamic culture, modern amenities and urban sophistication. The city also boasts over 77,000 hotel rooms, enhancing its appeal as a premier destination.

Kelly and Eric will continue to lead the management team in their current positions and titles, staying actively involved in the day-to-day operations at Premier Transportation through this exciting transition and for many years to come.

In a joint statement, Eric and Kelly Devlin, President and CEO of Premier Transportation, shared, “Joining forces with the Hoffmann Family of Companies marks an exciting new phase for us. We are eager to tap into their expertise and resources to further enhance our services and elevate the luxury transportation experience we provide to our esteemed clients.”

Emphasizing the significance of this strategic acquisition, Cvent has released its highly regarded list of the ‘Top 50 Meeting Destinations’ in the United States. Based on an analysis of over $16 billion in group business value sourced through Cvent in 2023, Dallas, Texas secured a spot in the top 10, ranking at number 9.

With the acquisition of Premier Transportation, the Hoffmann Family of Companies becomes the largest private owner and operator of a Black Car vehicle fleet, offering comprehensive service across the country, with locations in Dallas, Naples, Fort Myers, Marco Island, Napa and Sonoma Valley, San Francisco, St. Louis and Augusta, Missouri, Aspen and Palm Beach.

Media Company Grows Portfolio with New Publications

Fort Myers, FL (Sept 30, 2024) — ​​Hoffmann Media Group (HMG), part of the Hoffmann Family of Companies, announced today the acquisition of Napa Valley Publishing Company. This strategic expansion adds a prestigious collection of historic publications to the Hoffmann portfolio, including the Napa Valley Register (est. 1863), St. Helena Star (est. 1874) and Inside Napa Valley Magazine. The acquisition also includes prominent online publications such as The Weekly Calistogan (est. 1877) and American Canyon Eagle.

Headquartered in Fort Myers, Florida, HMG blends a rich legacy of established brands with cutting-edge digital innovation. Through creative storytelling and data-driven insights, the media company delivers compelling content that sparks meaningful conversations and fosters lasting connections within the communities it serves. By embracing the digital frontier, HMG provides dynamic advertising solutions and interactive experiences across websites, mobile apps and e-editions, continually redefining multimedia engagement and setting new standards for excellence.

“This acquisition not only strengthens our investment in the Napa region but also aligns perfectly with our strategy to enhance local news media,” said Geoff Hoffmann, Co-CEO of Hoffmann Family of Companies. “By integrating Napa Valley Publishing into our portfolio, we are committed to covering stories that matter to local communities and fostering a sense of unity and connection among residents. We aim to bring people together through quality journalism and community-focused content.”

Since its inception, Napa Valley Publishing Co. has been dedicated to serving as an essential source of news and information for Napa County, becoming a trusted part of its readers’ daily lives. Hoffmann Media Group is deeply committed to the importance of local journalism and looks forward to carrying forward the company’s mission.

Pason Gaddis, CEO of Hoffmann Media Group, shared, “We’re pleased to bring Napa Valley Publishing back under family ownership. For nearly 162 years, this institution has been an integral part of Napa Valley’s identity. By restoring local management and decision-making, we’re not only honoring its rich history but also ensuring that the tradition of quality journalism continues to serve future generations.”

Gaddis also announced that Dan Evans had been promoted to editor and publisher, with oversight of both the content and business sides of the operation. 

Evans, who joined Napa Valley Publisher as its executive editor in March 2022, said he was excited to be taking on the additional role. 

“With this shift, we will be better able to anticipate and meet the informational and business needs of Napa County and the larger region,” he said. “I’m incredibly lucky to be working with so many great people locally, and am confident our new owners will help bring us to our full potential.” 

About Hoffmann Media Group
Hoffmann Media Group, a privately held media company based in Southwest Florida, publishes a variety of print, online, mobile and email publications. Over the past 15 years, our writers, designers and ad builders have earned over 200 awards from the Florida Press Association, Society of Professional Journalists and Florida Newspaper Advertising and Marketing Executives Association. The Florida Press Association has recognized us as the best in the state for content, consumer experiences and advertising services. Our flagship brands serve over 30 markets, offering premier digital advertising services across Florida, Michigan and beyond. For more information, visit www.hoffmannmediagroup.com.

About Hoffmann Family of Companies 
Hoffmann Family of Companies is a multi-vertical, family-owned private equity firm consisting of over 110 global brands, and employs 11,000 employees with businesses located in 30 countries and 400 locations around the world. Hoffmann Family of Companies’ verticals include Aviation, Agriculture, Financial Services, Hospitality, Business & Professional Services, Industrial, Manufacturing, Marine, Media & Marketing, Real Estate, and Transportation.

The Company Continues to Strengthen Its Commitment to the Missouri Market

Clayton, MO (Sept. 27, 2024) — Hoffmann Commercial Real Estate (HCRE), a subsidiary of the Hoffmann Family of Companies, is excited to announce the acquisition of the 9800 Clayton Road property in Ladue, Missouri. The building is home to Schnarr’s Hardware, a long-standing retail store that has proudly served Ladue and its surrounding communities for over 60 years.

HCRE’s diverse portfolio spans retail, commercial, office spaces, multi-family housing, industrial properties and land under development, with a total value exceeding $1 billion. Recently, HCRE went under contract to acquire the 600,000-square-foot Pierre Laclede Center, in addition to currently owning 100 S. Brentwood and the 8000 Maryland Avenue nearby. The new building, situated in the heart of Ladue, presents a rare opportunity to own a high-profile location within a well-established trade area.

“We are excited to welcome 9800 Clayton Road to our portfolio,” said Greg Hoffmann, Principal & CEO of Hoffmann Commercial Real Estate. “This is a prime property cherished by the local community. We look forward to continuing to invest in this area.”

Hoffmann Commercial Real Estate is headquartered locally and looking to grow its footprint in the area. Currently, its portfolio includes properties in California, Canada, Colorado, Florida, Georgia, Illinois, Indiana, Kansas, Michigan, Minnesota, Missouri, Pennsylvania, Tennessee, Texas and Wisconsin.

For more information about the Hoffmann Family of Companies and its recent acquisitions, please visit HFCompanies.com.

About Hoffmann Commercial Real Estate
Hoffmann Commercial Real Estate (HCRE), a subsidiary of HF Companies, is a premier real estate investment and development firm specializing in the acquisition, management and redevelopment of commercial properties. With a diverse portfolio that spans stabilized and value-added assets, HCRE is committed to enhancing the communities in which it operates through thoughtful development and superior property management. HCRE’s strategic investments are focused both within the United States and internationally, reinforcing its position as a leader in the commercial real estate industry. For more information, visit www.hoffmanncre.com.

About Hoffmann Family of Companies
Hoffmann Family of Companies is a multi-vertical, family-owned private equity firm consisting of over 110 global brands, and employs 11,000 employees with businesses located in 30 countries and 400 locations around the world. Hoffmann Family of Companies’ verticals include Aviation, Agriculture, Financial Services, Hospitality, Business & Professional Services, Industrial, Manufacturing, Marine, Media & Marketing, Real Estate, and Transportation.