Kalahari Resorts Acquires Development Site In Pocono Summit, PA For $30M

The development site located at 250 Kalahari Boulevard in Pocono Summit, PA has been sold in a transaction. The property spans across 190 acres and was sold for a total of $30,000,000, resulting in a price per acre of $160,000.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $30,000,000
• Address: 250 Kalahari Boulevard, Pocono Summit, PA
• Market: Pocono Summit, PA
• Buyer: Kalahari Resorts
• Seller: JEMB Realty
• Acres: 190
• Price Per Acre: $160,000

The buyer in this transaction is Kalahari Resorts, while JEMB Realty serves as the seller. The sale of this development site marks an important deal for both parties involved.