LANE4 names new managing partner

After serving eleven years as the firm’s director of investments, LANE4 Property Group has announced Michael Berenbom as its new managing partner.

“Mike’s experience as a producer puts him in a prime position to lead this firm. He has a deep understanding of what makes our business function, and how to capitalize on individual opportunities in a cohesive and strategic manner, leading to broad-based success,” said Owen Buckley, LANE4 president.

Owen founded LANE4 in 2006 and will remain in place as the firm’s president and leader of the brokerage team. The shift will allow him to focus further on the firm’s clients and real estate projects, identifying and executing new deals and advising the firm’s producers.

A Kansas City native, Berenbom has spent his career in real estate focusing on asset management, investment brokerage and equity procurement. Prior to joining LANE4, he served as vice president of asset management for Lincoln Property Company in Chicago, Ill., where he was responsible for the portfolio management of Class A office properties totaling over $800 million throughout the United States.

Berenbom has been instrumental in many of LANE4’s most prominent projects, including the acquisition and redevelopment of 95Metcalf South (formerly Metcalf South Mall) and several shopping center acquisitions throughout the metro. He also has led the firm’s efforts on many municipal projects, including the Downtown Olathe Library and the recently announced Lee’s Summit Downtown Market Plaza project.

He has been personally responsible for over $200 million in acquisitions on behalf of LANE4, and an additional $75 million on behalf of third-party clients, both buyers and sellers.

“There are two parts to successful real estate projects: the idea and the execution. LANE4 has a proven track record of succeeding in both. Having the tools and people in place to generate and execute successful deals leads to strong partnerships and repeat business with clients, partners and communities,” said Berenbom.

Since its founding, LANE4 has developed a niche for executing creative, successful projects and partnerships within Kansas City’s commercial real estate market. Collectively, the firm has spearheaded nearly $900 million in acquisition and development projects, served hundreds of clients and completed countless traditional brokerage transactions.

The company is preparing to break ground on a new Downtown Library and municipal building in Olathe, Kan., serving as the owner’s representative and project manager on behalf of the City of Olathe.

LANE4 was recently selected as the master developer for the City of Lee’s Summit’s Downtown Market Plaza project — a 2.75-acre, mixed-use infill project that will blend civic and public amenities with private uses (potentially including a hotel, multifamily, restaurant and retail buildings).

In addition to its growing portfolio, the LANE4 team has recently expanded its team, adding veteran brokers Adam Abrams and Mike Levitan, who bring over 30 years of collective experience in the Kansas City market.

Berenbom is also an active member of the International Council of Shopping Centers, sits on the Olathe Economic Development Council Advisory Board and serves as the vice president of investments for the Menorah Heritage Foundation.