Chicago-based Sheldon Good & Co. Auctions executive managing director James M. MacDonnell called the event "one of the most dramatic absolute auctions since the days of the Resolution Trust Corp." in the 1980s. Suggested opening bids totaled $4.6 million. At an absolute auction, the top offer wins, regardless of the suggested bid amount.

Three buyers out of 180 registered bidders from 33 states and two undisclosed foreign countries purchased the properties, whose sizes and ages were not disclosed in a prepared statement from the auctioneer. The buyers' names were also not disclosed.

The properties were the Parke 33 Business Center: 4364-4382 L.B. McLeod Rd. and 3301-3337 Bartlett Blvd., Orlando, sold for $4.36 million after a suggested opening bid of $1.5 million; the 900 Building: 900 University Blvd. North, Jacksonville, FL, sold for $4.2 million after a starting bid of $1.4 million; the Chantilly Court Office Building: 1555 Howell Branch Rd., sold for $3.46 million with a starting bid of $900,000; and the Island Lake Business Center: 1060 W. State Rd. 434, in suburban Longwood, FL, after a starting bid of $800,000.