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The top floor of downtown Orlando’s Plaza South office tower sells for $2.7M

An aerial view of the penthouse suite patio space on the top floor of the 21-story Plaza South Tower at 189 S. Orange Avenue.
An aerial view of the penthouse suite patio space on the top floor of the 21-story Plaza South Tower at 189 S. Orange Avenue.(Stirling International)

A former e-cigarette exec just secured the entire top floor of one of downtown Orlando’s more notable office developments.

According to a deed recorded in Orange County, businessman Adrian Everett paid $2.7 million for the office penthouse suite within the 21-story Plaza South Tower at 189 S. Orange Avenue.

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Everett is the former CEO of E-Lites, an e-cigarette company he launched in the United Kingdom in 2009 and later sold to Japanese Tobacco International in 2014. Today, the brand is known as Logic Vapes.

The Plaza portfolio includes an executive penthouse office with a 10,000-square-foot garden terrace overlooking downtown Orlando.

Ben Becton with Keller Williams Realty of Lakeland represented the buyer. He told GrowthSpotter his client is planning to remodel the penthouse office suite, in anticipation of announcing a new operation at the site sometime later this year.

The office-condo consists of 10,891 square feet of air-conditioned office space and a 10,000-square-foot wrap-around rooftop terrace.

Features include more than 16 private offices, floor-to-ceiling windows, a private elevator lobby and a private patio with glass railings and all-around views of downtown Orlando.

An inside look of an office within the penthouse suite at Plaza South Tower.
An inside look of an office within the penthouse suite at Plaza South Tower.(Stirling International)

John Kurtz and Roger Soderstrom, Jr. of Stirling International Real Estate negotiated the sale on behalf of the seller RSC Plaza Office Condos, which is an affiliate of Colorado-based Real Capital Solutions.

RSC controls more than 83,000 square feet within the mixed-use development located between East Pine Street and Church Street, just along South Orange Avenue.

Kurtz said the suite was formerly occupied by a financial firm that moved out in late December. The office unit hit the market about four months ago asking for more than $2.9 million.

"We had quite a few people looking at it, Kurtz said. “The owner ended up selecting this buyer because of the terms and their ability close quickly on it.”

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It was an all-cash deal, Kurtz said.

The trade takes place just a couple of months after British financial tech company Epos Now acquired nearly half of the 20th floor of the Plaza South Tower.

Occupancy at the development is over 90 percent, Kurtz said. The office tower is made up of a mix of architecture, engineering and technology firms.

Have a tip about Central Florida development? Contact me at arabines@GrowthSpotter.com or (407) 420-5427, or tweet me at @amanda_rabines. Follow GrowthSpotter on Facebook, Twitter and LinkedIn.

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