Local Firm to Manage Leasing of Kane Plaza, Moves in While at It

The owners of Kane Plaza have selected a Sarasota-based commercial real estate company as the new property management and leasing firm for the iconic property.
Ian Black, Marci Marsh and Jag Grewal at Kane Plaza in Sarasota

Ian Black, Marci Marsh and Jag Grewal of IBRE

The owners of Kane Plaza have selected a Sarasota-based commercial real estate company as the new management and leasing firm for the iconic property. Ian Black Real Estate (IBRE) is also expanding and relocating its corporate headquarters from 1075 Central Ave. to the 10-story, 84,296-square-foot office tower.

Founded in 2003, the boutique commercial real estate brokerage company provides property and asset management services. IBRE is active in the southwest region of Florida, specializing in Sarasota and Manatee counties. The firm will move into a 4,000-square-foot space on the 6th floor of the building, which represents a 1,000 square-foot increase from their current headquarters. The company will relocate to Kane Plaza in early 2016.

The property located at 1 S. School Ave. in downtown Sarasota is owned by TerraCap Management. The Bonita Springs-based company purchased the building through its TerraCap Partners II investment fund last spring; the $11.5 million acquisition also included the adjacent four-story parking garage. Kane Plaza currently has about 16,000 square feet of vacant space.

Ian Black, Steve Horn and Melissa Harris are the leasing agents for the property, with IBRE Partner Marci Marsh and Senior Commercial Property Manager Jodi Whitworth in charge of property management.

Photo credits: Ian Black Real Estate