Atlanta real estate company buys RBC bank building

BUYER: Mirsko Ringling Holdings LLC (principal: Itzchak Miron), Atlanta

SELLER: Bayrock Ringling LLC

PROPERTY: 243 S. Orange Ave., 1595 State St. and 1549 Ringling Blvd., Sarasota

PRICE: $13.25 million

LAW FIRM ON DEED: Norton Hammerlsey Lopez & Skokos PA, Sarasota

PLANS, DESCRIPTION: A limited liability company led by Itzchak Miron of Atlanta purchased the 55,160-square-foot RBC Bank office building in downtown Sarasota for $13.25 million.

The price equated to $240 per leasable square foot.

Miron and his company Mirsko Ringling Holdings LLC assumed a $10.9 million mortgage on the property from its former owner, Bayrock Investment Co.

Building tenants include RBC Centura Bank, which occupies four levels, and the International Union of Police Associations. The six-story building was 80% occupied at the time of the sale, according DeLieto & Associates of Michael Saunders & Co. commercial group, which served as an informal consultants in the future marketing of the property.

Lee DeLieto Jr. says the common areas of the building were recently remodeled.

Michael Saunders & Co. handles the property management for the building.