Morgan Stanley provided the funding, which includes a two-year interest-only strip. Jim Brumbaugh in real estate investment banking firm L.J. Melody & Co.'s Pittsburgh office arranged the transaction. L.J. Melody is a CB Richard Ellis company.
Capital City Mall is centrally located on Route 15 next to numerous major highways including US 11, I-81, I-83 and the Pennsylvania turnpike, I-76. Anchor tenants at the property include Hecht's, JC Penney and Sears The trade area is a partial combination of four counties - Cumberland, Dauphin, York and Perry Counties. The area is one of the largest residential suburbs of the Harrisburg area with an assemblage of various land uses and business opportunities.
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