ORLANDO – Two brokers with Stirling International Real Estate sold and leased more than 330,000 square feet or 82 percent of the total square footage in The Plaza – downtown Orlando’s iconic twin office towers on Orange Avenue at the corner of Church St. – when most of the nation was working from home.
John Kurtz, CCIM and Stirling Managing Broker Roger Soderstrom, Jr. said they aggressively sought investors who have been gradually pulling out of the stock market to buy commercial properties as a hedge against rapidly rising inflation.
The Plaza, which is comprised of two office towers with approximately 400,000 square feet, a residential condominium tower, and a ground-floor retail area that includes a movie theater, was built in 2006 and 2007.
Working out of their high-tech onsite sales and leasing office at 121 S. Orange Ave. in Suite 1470 during the past two years, the Stirling team has sold 31 office condominiums comprising over 200,000 square feet and valued at $44 Million; completed 33 lease agreements for over 120,000 square feet and valued at more than $12 Million; and they currently have 12,000 square feet in sales pending, valued at $3 Million.
Soderstrom and Kurtz were selling agents for The Plaza’s north and south tower penthouses, each with more than 10,000 square feet of office space and an accompanying 10,000 square foot sky terrace on the south tower’s 21st floor, distinguishing them both as very skilled in marketing and sales within the Orlando area’s upscale office and penthouse market.
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For more information about this release, please contact:
Roger Soderstrom Jr., Stirling International Real Estate, 407-617-2830 or roger@stirlingint.com.
John Kurtz, CCIM Stirling International Real Estate or 407-250-1000 or JKurtz@StirlingIRE.com.
Beth Payan, Larry Vershel Communications, 407-461-3781 or beth@larryvershel.com.