Estero shopping center sells in pair of deals totaling $12M

By Louis Llovio
| 4:50 p.m. June 30, 2025
| 2 Free Articles Remaining!

The Brooks Town Center in Estero was sold in a deal totaling $12.05 million.

Charlotte–Lee–Collier

The Brooks Town Center in Estero has sold.

The 35,330-square-foot shopping center is at 10020 Coconut Road and brought $12.05 million in a pair of transactions.

According to the Tampa commercial real estate firm Plaza Advisors, FineMark Bank bought a 9,390-square-foot outparcel where it operates an office for $4.7 million. Jim Michalak, a managing partner at Plaza, says in an email that the Fort Myers-based bank owned the building and purchased the ground lease.

The second part of the purchase was for the remaining 25,940-square-foot strip center. It sold for $7.35 million. Plaza says the buyer was St. Petersburg-based Concord Real Estate Investors.

The shopping center was built in 2008 and is right off of Three Oaks Parkway. It is 96% occupied with a tenant roster that includes Burn Boot Camp, LabCorp and Pinch-A-Penny.

The property was previously owned by the Courtelis Co., which sold an adjacent big box space in December to PAC Land Development, according to Plaza Advisors. PAC is planning to build a 137-unit multifamily community on the property.

According to Lee County records, PAC paid $5.32 million for the land.

Michalak and Jeff Berkezchuk represented Courtelis on the sale of The Brooks Town Center.

author

Louis Llovio

Louis Llovio is the deputy managing editor at the Business Observer. Before going to work at the Observer, the longtime business writer worked at the Richmond Times-Dispatch, Maryland Daily Record and for the Baltimore Sun Media Group. He lives in Tampa.