St. Louis, MO-IL December 27, 2017 – Hoffmann Commercial Real Estate is expanding its portfolio of properties in downtown Clayton, Missouri with the purchase of the Park Place office building. The acquisition joins the Business Bank Tower and the Wydown Building as major Clayton sites owned by Hoffmann.
Park Place, located at 100 South Brentwood Blvd., is a 73,000 sf Class A office complex that counts Moneta Group among its primary tenants. Adjacent to beautiful Shaw Park, Park Place sits at the hub of Clayton’s bustling and evolving business district. Hoffmann is enthusiastic about the potential for the area to grow with diverse offerings in retail, entertainment, and residential uses alongside established office properties.
“Clayton is in an exciting period of re-invention, and our company plans to participate fully in its growth,” notes CEO Greg Hoffmann. “Downtown is transforming from a 9-to-5 corporate district to an engaging destination for shopping, socializing and recreation, including the recent upgrades to Shaw Park. We have extensive experience in supporting community-wide enhancements that benefit our tenants, neighbors, and visitors.”
Hoffmann’s business model invests in existing commercial properties, improving entire districts to create a consistently welcoming visitor experience. Hoffmann acquisitions in Winnetka, IL, Naples, FL, and Avon/Beaver Creek, CO, have led the way to widespread improvements in each of those downtown areas. Outdoor music festivals, public sculpture walks, and façade updates are among the steps taken by the company to attract foot traffic and support tenants.
To learn more, visit http://HoffmannCRE.com.
About Hoffmann Commercial Real Estate
Hoffmann Commercial Real Estate transforms and maintains properties to a Class “A+” standard, more commonly known as the “Hoffmann Standard.” This commitment to excellence contributes to Hoffmann Commercial Real Estate’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 HoffmannCRE.com.
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