Horizon Secures $108M for Dick's HQ

FINDLAY TOWNSHIP, PA-Horizon Properties Group has secured $107.5 million for the development of Dick’s Sporting Goods’ future 730,000-square-foot headquarters here. The building, near the Pittsburgh International Airport, is already underway, and Horizon officials expect to complete the project by January 2010.

The financing consortium was led by First Commonwealth Bank–of Indiana, PA–and also included Ameriserv Financial, First United Bank, The ERECT Fund, S&T Bank, Tri-State Capital Bank, Parkvale Savings Bank and WesBanco Bank. The $107.5 million provided does not make up the project’s total cost, which management has not revealed.