NAPLES (Oct. 13, 2025) – Hoffmann Commercial Real Estate (“HCRE”), the real estate arm of Hoffmann Family of Companies ("HF Companies") has expanded its footprint on Naples’ iconic Fifth Avenue South—one of Florida’s most dynamic and sought-after retail destinations—with a contract to acquire a new property.
Spanning from 465 Fifth Avenue to 494 Fifth Street, the newly acquired property includes five fully leased retail units. HCRE purchased the asset from longtime Naples hotelier Phil McCabe. This marks the final property McCabe owned on Fifth Avenue, following the recent sale of his townhome—located in the same building as the retail units—just four weeks ago. McCabe originally developed the building more than seven years ago.
“This is a meaningful milestone in my thirty-year journey on Fifth Avenue,” said McCabe. “After building, owning, and operating the Inn on Fifth for decades, and calling Fifth Ave. home for so long, I’m proud to pass this property on to HCRE. They’ve proven to be exceptional stewards of every property they’ve acquired, and I’m confident they’ll continue to elevate the future of Fifth Ave. through their thoughtful art contributions and first-class management.”
“We’ve always admired this property, and we’re thrilled to be back on Fifth Avenue, an area that owes much of its vibrancy to Phil [McCabe],” said Greg Hoffmann, CEO of Hoffmann Commercial Real Estate. “Phil was incredibly helpful to our family when we first came to town, and we genuinely enjoy working with him.”
He continued: “I’ve said it before, and I’ll say it again: we’re strong believers in the Naples commercial real estate market and remain committed to investing in its continued growth.”
This acquisition follows HF Companies’ purchase of 601 Fifth Avenue South in July, which will soon house the second location of Augusta Clothing Company, a boutique offering curated, high-quality apparel and accessories, founded by Jerri Hoffmann.
HCRE continues to build momentum with a diverse portfolio of stabilized and value-add assets in premier markets across North America. Its holdings span California, Canada, Colorado, Florida, Georgia, Illinois, Indiana, Kansas, Michigan, Minnesota, Missouri, Pennsylvania, Tennessee, Texas, and Wisconsin.
In addition to its real estate investments, HF Companies recently announced the acquisition of Pure Florida, a beloved maritime tourism business operating out of Historic Tin City in Naples—further demonstrating its commitment to the region’s economic vitality
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About Hoffmann Commercial Real Estate: Hoffmann Commercial Real Estate (HCRE), one of two arms within 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.
About Hoffmann Family of Companies: Hoffmann Family of Companies is a multi-vertical, family-owned private equity firm consisting of over 120 global brands and employs 17,000 employees with businesses located in 30 countries and 400 locations around the world. Hoffmann Family of Companies’ verticals include Agriculture, Aviation & Transportation, Financial & Professional Services, Hospitality & Entertainment, Manufacturing, Marine, Media & Marketing and Real Estate. For more information, visit HFCompanies.com.
For More Information: Rachel Berkowitz | [email protected]