Downtown Sarasota building sells for $15 million

In one of the largest recent real estate sales in the city of Sarasota, the PNC Bank building downtown sold for $15.9 million this month.

Ringling & Orange 2 LLC, a firm managed by Rebecca Hunzeker, bought the property, including two nearby parking lots on State Street and Orange Avenue, from Atlanta-based Mirsko Ringling Holdings LLC. 

The 71,100-square-foot office building, which was built in 1983, last sold for $13.25 million in 2011. The recent transaction is the most expensive real estate sale in the city since an investment group headed by entrepreneur Jesse Biter bought Sarasota Main Plaza for $18.1 million in November.

Building tenants include PNC Bank and the International Union of Police Associations.