Hoffmann is Under Contract to Acquire the Pierre Laclede Center in Clayton, MO
The Company is Doubling Down on the Clayton Office Market
Clayton, MO (Sept 13, 2024) — Hoffmann Commercial Real Estate (HCRE), a subsidiary of the Hoffmann Family of Companies, is excited to announce that it is under contract to acquire the Pierre Laclede Center in downtown Clayton, Missouri. The property features two office towers with a combined space of nearly 600,000 square feet. This acquisition more than doubles the organization's total investment in the area which is approaching 1,000,000 square feet.
HCRE boasts a diverse portfolio that includes retail, commercial and office spaces, multi-family housing, industrial properties and land under development. Committed to elevating each property to a Class “A+” standard, HCRE's portfolio exceeds $1 billion in value. Their latest acquisition, Pierre Laclede Center, is a premier business destination, attracting corporations, entrepreneurial ventures and professional services firms seeking exceptional business rentals. The company plans to elevate the property with further capital investment to enhance amenities and aesthetics in hopes of attracting more businesses into the property.
“We are excited to welcome the Pierre Laclede Center to our portfolio,” said Greg Hoffmann, Principal & CEO of HCRE. “This acquisition perfectly aligns with our strategic vision, and we’re thrilled to add such a distinguished property to our growing collection. Alongside this announcement, we are also finalizing a restructuring with our lender at 8000 Maryland, further strengthening our commitment to the Clayton marketplace and its long-term resilience.”
HCRE continues its expansive growth by building a portfolio that includes both stabilized and value-added assets in prime locations nationwide. Recently, the company announced 3 acquisitions in the bustling North Shore of Chicago, where it serves as 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.
For more information about the Hoffmann Family of Companies and its recent acquisitions, please visit HFCompanies.com.