Ringling and Orange LLC has engaged Ian Black Real Estate to manage leasing for a new Class A office property coming to Sarasota. The 84,600-square-foot property, The Offices at Ringling Plaza, will be the first office building over 30,000 square feet to be built in downtown Sarasota in over 20 years.
“It’s great to be part of this exciting project, which will meet a real need in this market,” said Jag Grewal, CCIM, partner at Ian Black Real Estate. “It’s really tough for office users to find space over 10,000 square feet in downtown Sarasota, let alone the chance to take multiple floors. This property meets that demand, and offers many attractive amenities and features.”
Located on South Orange Avenue just south of Ringling Boulevard, the 10-story The Offices at Ringling Plaza will include five floors of parking and five floors of office space. Each of the five floors of office space offer approximately 17,000 square feet, and tenants have the option to occupy multiple floors. In addition, two retail spaces totaling 2,250 square feet will be located on the ground level of the building.
“This is a beautiful building and would be a fantastic location for a corporate headquarters, especially for companies poised for future success,” Grewal said. “And because this is a new build, the great thing is that tenants will have the ability to design the space the way they want.”
The Offices at Ringling Plaza will feature post-COVID-19 design elements, such as touchless systems and HVAC upgrades. Tenants who lease multiple floors can opt for open staircases between their floors. The building also features 10-foot ceiling height, a rooftop amenity deck with sky garden, a circular drive-way for easy customer drop-off and covered ground-level guest parking, security gates in the parking garage, ample parking and water views of Sarasota Bay.
Located just north of the Burns Square Historic District, The Offices at Ringling Plaza are just over a block south of Main Street and within walking distance of Sarasota Bay and Marina Jack, a full-service marina with waterfront dining. The area has a walkability score of 93%.
“Sarasota has been discovered as a vibrant place to live, work and play, and we’re working closely with the Sarasota Economic Development Corporation to notify office users nationwide about this exciting opportunity with The Offices at Ringling Plaza,” Grewal said. “We’re anticipating interest from out-of-state companies looking to relocate their corporate offices here, particularly from the Midwest and Northeast.”
Ringling and Orange LLC has engaged Hoyt Architects as the architect and Brasfield and Gorrie as the general contractor for the project. Groundbreaking is expected to take place in Q2 of 2021, and the property is expected to be completed by Q4 of 2022.
For leasing information, please contact Jag Grewal at (941) 356-5042 or jag@ian-black.com.
About Ian Black Real Estate
Ian Black Real Estate (IBRE) is a boutique commercial real estate brokerage firm located in Sarasota, Fla. The firm is one of the largest commercial brokerage firms in Southwest Florida and boasts a deep knowledge of the commercial real estate market in Sarasota and Manatee counties and the surrounding area. For more information, visit ian-black.com.