Hoffmann buys more Naples buildings

St. Louis-based Hoffmann Commercial Real Estate last month acquired a pair of downtown Naples office buildings for nearly $14 million, records show.

The purchases of Pettit Square, at 294 14th Ave. S., and 271 Broad Ave. brings to 17 the number of Naples properties Hoffmann has acquired over the past three years.

Pettit Square, an 8,616-square-foot building, was purchased for $7.3 million. Investment Properties Corp.'s David Stevens and Clint Sherwood represented negotiated the transaction.