Horizon Properties Group has secured $107.5 million for the development of Dicks Sporting Goods future 730,000-square-foot headquarters in Findlay Township, PA. Construction of 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 projects total cost, which management has not revealed.
Dicks is moving from its current Pittsburgh headquarters, which is at 300 Industry Dr., just southeast of the airport. The new project is northwest of the current HQ, on the west side of the site.