(Photo of The Plaza on Orange Avenue in Downtown Orlando by Joe Burbank of Orlando Sentinel. From left: Paul Ellis, managing director, North Florida business unit, Trammell Crow Co.; Cameron Kuhn, CEO, Kuhn Cos., Orlando; Tom Cook, principal, Tom Cook Commercial, Orlando.)
Absolute Auction Includes More Than 20 Office Suites Owned by Orlando Developer Cameron Kuhn (top left photo)ORLANDO, Fla. – Stirling Sotheby’s International Realty will offer more than 20 Plaza office condominium suites to bidders in an absolute auction starting at 4 p.m. on Thursday, May 15 in the ballroom at the Embassy Suites Hotel, 191 E. Pine St. in downtown Orlando.
Roger Soderstrom, (top right photo) founder and owner of Stirling Sotheby’s International Realty, said approximately 117,000 square feet of office space will be offered in the auction. There are no reserve bids and no minimum bids, Soderstrom explained.
Most of the office suites to be auctioned range in size from 2,600 square feet of space to 3,500 square feet. Several of the office suites include private balconies with view of downtown Orlando, Soderstrom said.
The largest single auction item –– The Plaza’s entire 10th floor of the North and South Towers, with connecting suite –– totals more than 61,000 square feet and comprise the largest single office floor in the downtown Orlando area. Soderstrom said the 10th floor lot can be divided or purchased as a unit.
All of the office space to be auctioned is owned by or controlled by Cameron Kuhn, developer of The Plaza.
Construction of The Plaza, downtown Orlando’s largest mixed-use project, with two circular towers, which include 394,000 square feet office condominium space and 105,000 square feet of retail space, began in October of 2004.
Soderstrom said shell office space in The Plaza was offered at pre-construction prices, in early 2004, starting from $205 USD per square foot.
Current asking prices range from $245 per square foot to $285 USD.
Buyers/new owners will complete all finish construction before moving in, Soderstrom said. Typical finish c
onstruction prices range from $50 per square foot to $65 per square foot. (Panormaic view of Downtown Orlando is at left)
Roger Soderstrom, (top right photo) founder and owner of Stirling Sotheby’s International Realty, said approximately 117,000 square feet of office space will be offered in the auction. There are no reserve bids and no minimum bids, Soderstrom explained.
Most of the office suites to be auctioned range in size from 2,600 square feet of space to 3,500 square feet. Several of the office suites include private balconies with view of downtown Orlando, Soderstrom said.
The largest single auction item –– The Plaza’s entire 10th floor of the North and South Towers, with connecting suite –– totals more than 61,000 square feet and comprise the largest single office floor in the downtown Orlando area. Soderstrom said the 10th floor lot can be divided or purchased as a unit.
All of the office space to be auctioned is owned by or controlled by Cameron Kuhn, developer of The Plaza.
Construction of The Plaza, downtown Orlando’s largest mixed-use project, with two circular towers, which include 394,000 square feet office condominium space and 105,000 square feet of retail space, began in October of 2004.
Soderstrom said shell office space in The Plaza was offered at pre-construction prices, in early 2004, starting from $205 USD per square foot.
Current asking prices range from $245 per square foot to $285 USD.
Buyers/new owners will complete all finish construction before moving in, Soderstrom said. Typical finish c
onstruction prices range from $50 per square foot to $65 per square foot. (Panormaic view of Downtown Orlando is at left)The total value of the office suites to be auctioned is estimated at more than $30 million USD, Soderstrom said.
Stirling Sotheby’s International Realty auctioneers Jon and Lori Chipps will conduct the auction. Bids will be accepted live in person and online.
To learn more or to register for the auction, visit http://www.auctionsby/Stirling.com or telephone toll free (800) 944-2592.
For more information, contact
Jon Chipps, Stirling Sotheby’s International Realty 407-588-1260
Roger Soderstrom, Owner/Founder Stirling Sotheby’s International Realty 407-588-1260
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142
For more information, contact
Jon Chipps, Stirling Sotheby’s International Realty 407-588-1260
Roger Soderstrom, Owner/Founder Stirling Sotheby’s International Realty 407-588-1260
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142
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