SARASOTA — Ian Black Real Estate, a Sarasota-based commercial real estate firm, was recently selected as the new property management and leasing firm for Kane Plaza, located at 1 South School Avenue in downtown Sarasota.
TerraCap Management owns Kane Plaza, a 84,296-square-foot 10-story office tower. The property currently has about 16,000 square feet available for lease.
“I believe that Ian Black Real Estate is the perfect choice to lease and manage this asset,” said Stephen Good, Partner, Director of Asset management at TerraCap Management. “The firm has a strong team of real estate professionals and extensive experience with leasing and managing real estate locally.”
Ian Black, Steve Horn and Melissa Harris are the leasing agents for the plaza while Marci Marsh, an IBRE Partner and Jodi Whitworth, the firm’s Senior Commercial Property Manager, are the property managers for the project.
Ian Black Real Estate is also expanding and relocating its corporate headquarters from 1075 Central Ave. to Kane Plaza. The firm will move into a 4,000-square-foot space, a 1,000-square-foot increase from the company’s current building, on the 6th floor of the building in early 2016.
“We are excited to assist TerraCap Management in repositioning and renovating Kane Plaza to increase its prominence in an emerging location in this market,” said Ian Black, managing member of Ian Black Real Estate. “This is a wonderful opportunity to also expand our offices as a direct response to our firm’s growth. In our current building, we don’t have the capacity to hire any additional agents, and in our new location, we can continue to add to our award winning team.”
The building currently occupied by Ian Black Real Estate on Central Avenue is available for lease.
About Terra Management, LLC
TerraCap Management, LLC is an alternative investment management company focused on deep value real estate acquisitions in the southeastern United States, with an emphasis on the Florida commercial property market. Their holdings throughout Florida in various funds total over 3,500,000 sq. ft. with over 320,000 sq. ft. located in Sarasota.
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| Ian Black, Marci Marsh, Jag Grewal—partners at Ian Black Real Estate |
About Ian Black Real Estate
Established in 2003, Ian Black Real Estate (IBRE), known as ‘The Place for Space,’ is a boutique commercial real estate brokerage company. IBRE offers clients a unique hands-on approach to commercial property throughout southwest Florida. Specializing in Sarasota and Manatee counties, IBRE’s team approach to commercial property needs is enhanced by dedicated and experienced professionals, who have obtained the highest professional commercial real estate designations. Clients have access to a full support staff, cutting-edge marketing program and a group of commercial Realtors with over 100 years of combined experience in the business. Using sophisticated, state-of-the-art techniques, IBRE can assist in finding qualified buyers and tenants. IBRE also provides property and asset management services. Visit Ian-Black.com for more information.
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