Agora Commercial Acquires Mt. Pocono Retail Property For $17M

Located in Mt. Pocono, Pennsylvania, the property at 3236 Route 940 recently changed hands in a retail sale transaction. The asset spans across an impressive 195,735 square feet and was sold for a total of $17,000,000, resulting in a price per square foot of $87. The buyer, Agora Commercial, was represented by Nick Skeparnias. On the other side of the deal, Heidenberg Properties acted as the seller, with Jason Lazar leading the transaction. The brokerage team from JLL, consisting of Christopher Munley, Jim Galbally, and Colin Behr, played a crucial role in facilitating the sale.

Summary of Transaction Details

• Property Type: Retail
• Transaction Amount: $17,000,000
• Square Footage: 195,735
• Price Per Square Foot: $87
• Buyer: Agora Commercial - Nick Skeparnias
• Seller: Heidenberg Properties - Jason Lazar
• Brokers: Christopher Munley, Jim Galbally & Colin Behr - JLL

This significant retail transaction involved key individuals and companies. Agora Commercial, represented by Nick Skeparnias, successfully acquired the property from Heidenberg Properties, led by Jason Lazar. In facilitating the sale, the brokerage team from JLL, consisting of Christopher Munley, Jim Galbally, and Colin Behr, played an instrumental role. The completion of this deal further exemplifies the dynamic nature of the retail market in Mt. Pocono, Pennsylvania.