Downtown Sarasota bank building sells for $16M

SARASOTA — The PNC Bank building in downtown Sarasota sold for $15.9 million earlier this month, according to Sarasota County records, in one of the largest recent real estate sales in the city.

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

The 71,100-square-foot office building, built in 1983, last sold for $13.25 million in 2011, according to Sarasota County records.