Ringling College of Art, Design buys Visionworks building

BUYER: Ringling College of Art and Design Inc., Sarasota
SELLER: William and Chong Kelsey as trustees of the William and Chong Kelsey Family Trust
PROPERTY: 891 S. Tamiami Trail, Sarasota
PRICE: $1.6 million
PREVIOUS PRICE: $205,000, September 1986.
LAW FIRM ON DEED: Bowman George Scheb Kimbrough & Koach PA, Sarasota

PLANS, DESCRIPTION:
The Ringling College of Art and Design Inc. purchased a 7,100-square-foot retail building on U.S. 41 for $1.6 million.

The price equated to $225 per square foot. That figure is higher than the two-year average price per square foot for retail space ($138) in the Tampa Bay area, according to the CoStar Group.