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BIZ941 Good News Friday – April 2013 – 

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The Chappell Family Revocable Trust has purchased a 10,000-square-foot industrial unit located at 1031 Commerce Blvd., Sarasota, from Regions Bank for $490,000. Mike Holderness with Sarabay Real Estate represented the buyer, and Michael Gallatin with the SVN Commercial Advisory Group represented Regions Bank.

Gallatin also represented Regions Bank in selling a 1,725-square-foot flex space office/warehouse condo unit located at 103 Triple Diamond Blvd., Venice, for $62,500. David Timmerman was the buyer, represented by Barry Bright with Sandals Realty.

Gallatin has sold and closed 13 bank-owned properties in the past 15 months.