Hoffmann to buy Naples Fifth Avenue property from famed local hotelier

The Hoffmann Family of Cos., which just two years ago sold nearly 30 of its properties in Naples, is again investing in the city, this time picking up a retail property along Fifth Avenue South.

Hoffmann, the Naples, Chicago and St. Louis-based empire, is under contract to purchase the fully-leased retail property that ranges from 465 Fifth Ave. S. to 494 Fifth St. A Hoffmann spokesperson in described the properties in an email as “a single (big) property with five tenant bays.”