Stirling Sotheby’s International Realty negotiates $1.8 Million Sale of Vacant Downtown Orlando site

ORLANDO, Fla., -- Stirling Sotheby’s International Realty recently negotiated a sale of the vacant site at 901 North Magnolia Ave. on the corner of Marks Street and Magnolia Ave. in downtown Orlando for $1,800,000.00. Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty, said John Kurtz, Commercial Marketing Specialist for the firm, brokered the transaction representing the seller, Wescar Magnolia, LLC of Lake Mary. The buyer of the 0.72 acres is SOTEN Enterprises, LLC, an affiliate of one of the largest high-rise developers in Brazil. Zoning of the property allows for office or retail use and up to 200 residential units. Kurtz said this is the Brazilian developer’s first project in Central Florida. “The uptown district is undergoing a flurry of commercial and residential development, and I believe we’ve found a great developer to add to the Downtown Orlando Skyline through our global marketing efforts,” Kurtz said.