#United States #Fort Myers #The Centro #JBM Advisors #Continental Properties

JBM Advisors Successfully Brokers Sale of The Centro

On March 3, 2025, JBM® Institutional Multifamily Advisors officially announced the completion of the sale of The Centro, a newly constructed, Class A+ multifamily property located in South Fort Myers, Florida. This modern establishment boasts 264 units and spans over 14 acres, adding a significant asset to the region's real estate market. The seller, Geis Companies, known for its national recognition and over 1,700 completed projects, successfully transitioned ownership to Continental Properties, a firm with which JBM has a longstanding partnership, completing transactions worth over $316 million together.

Property Features

The Centro offers an extensive list of amenities catering to a modern lifestyle. Residents will enjoy air-conditioned interior corridors, a stunning heated pool with a sun shelf, and private cabanas for relaxation. Additional communal features include a movie theater room, EV chargers, package lockers, and outdoor pet washing stations. For fitness enthusiasts, the property boasts a two-story fitness center outfitted with advanced Peloton bikes, infrared saunas, and dedicated spaces for yoga and children's play.

The outdoor space is just as appealing, incorporating a sizable courtyard that includes beach volleyball, cornhole, bocce ball, a dog park, and an abundance of greenery, such as a community garden. These elements ensure that The Centro is not just a place to live but a community where residents can engage and enjoy their surroundings.

Unit Details and Design

The interior of The Centro is equally impressive, offering a diverse selection of studio, one, two, and three-bedroom units. Each unit features open-concept floor plans designed for both functionality and aesthetics. High-end finishes include quartz countertops, stainless steel appliances, and stylish blue-green tile backsplashes, contributing to a chef-inspired kitchen experience. Bathroom fixtures are equally luxurious with cultured marble vanity tops, upscale wood finish flooring, and glass walk-in showers in select units.

Strategic Location

Positioned with exceptional visibility alongside Interstate-75, The Centro is ideally situated for easy access to key routes such as Alico Road, Ben Hill Griffin Parkway, and U.S. Highway 41. This strategic location places residents just a mile away from The Gulf Coast Town Center and within five miles of the Miromar Outlets, providing an abundance of shopping and dining options. Furthermore, the neighborhood is currently undergoing significant enhancements, with a $27 million expansion project aimed at improving connectivity throughout Fort Myers, ultimately increasing the area's appeal.

About JBM Advisors

JBM® Institutional Multifamily Advisors has established itself as a leading player in the multifamily brokerage market, capturing over 70% of the market share in Southwest Florida. The firm is highly regarded, having been ranked as the number one boutique brokerage in the United States according to Green Street's 2024 multifamily broker rankings. Notably, JBM holds a lifetime transaction volume surpassing $20 billion, with a remarkable focus on high-value properties across various markets.

In summary, the sale of The Centro marks another notable achievement for JBM Advisors, showcasing their expertise and strong relationships within the industry. As they continue to facilitate significant real estate transactions, JBM reaffirms its position as a trusted leader in multifamily asset brokerage.