The Houston office of Holliday Fenoglio Fowler LP set up the invitation-only auction. While the elite five's names are being kept under wraps, published sources say the roster includes Century Development, Hines Interests and Crescent Real Estate Equities. Any decision obviously must be ratified by federal court in the Southern District of New York. Despite Enron's ability to reject the offers, it is anticipated a decision will be made today and a closing held within days. Reports said the building cost over $300 million to construct, but bids are not expected to exceed $100 million.
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. The renowned Cesar Pelli & Associates designed the mostly vacant high-rise in the city's heart. Houston-based Hines 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.
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.
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