Sarasota's Gabbert family buys Hunter Creek Estates land

By Business Observer Staff
| 8:30 a.m. August 30, 2013
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Manatee-Sarasota

BUYER: Gabbert Investments Group LLC (principals: James and Lori Gabbert), Sarasota
SELLER: SunTrust Bank
PROPERTY: 14567 Fruitville Road, Sarasota
PRICE: $1.8 million
PREVIOUS PRICE: $6.25 million, August 2006
LAW FIRM ON DEED: Hill Ward Henderson, Tampa

PLANS, DESCRIPTION: A real estate investment entity of the Gabbert family purchased a roughly 330-acre property 10 miles east of Interstate 75 for $1.8 million.

The price equated to $5,455 per acre.