The Houston office of Holliday Fenoglio Fowler LP has been hired to get the answer. For the next six weeks, Jeff Hollinden, Holliday's senior director, will distribute materials about the structure, schedule property tours and review all due diligence materials on site.

Would-be bidders will have until Sept. 18 to submit a proposal. The Enron creditors' committee then will sort the most qualified and then "invite" the short to the Big Apple for a one-day closed auction at a site to be determined. Most likely, says Hollinden, the marathon session will be held in the office of the committee's attorneys.

At the end of the day, says Hollinden, there will be a buyer. Naturally, US bankruptcy court must ratify the decision, but it's anticipated that a closing will be held within days of the Sept. 30 decision.

Enron Center South is positioned on 62,500 sf or a full city block. It comes with a 1,300-vehicle garage and an empty 62,500-sf parcel. Hollinden says the empty parcel could end up a separate sale.

The renowned Cesar Pelli & Associates designed the mostly vacant high-rise in the city's heart. Houston-based Hines Interests LP was project development manager for the base building construction. Floors one through nine are finished while the 10th through the 40th are sitting in shell condition, according to Hollinden.

The building is designed with four state-of-the-art trading floors, each 53,500 sf, and two data centers. The sole occupant these days is UBS AG, which offices in 143,467 sf. UBS AG purchased Enron's energy trading operations.

Hollinden says interest in the property has been running high for the last six months, but he's not sure how many bidders will step forward for the prime piece of property. There is no minimum price attached to the offering. The Holliday team with the hot listing includes Mark Gibson, Holliday's executive managing director in Dallas, and Jim Savage, senior managing director in Houston.