The Bishop McDevitt Catholic High School in Harrisburg, PA, is being redeveloped into 'The McDevitt Center.' The 127,000 sq. ft. building will include 50,000 sq. ft. for state back offices, 40,000 sq. ft. for an antique and fine arts center, and 37,000 sq. ft. for retail and dining. The project requires $4 million secured by a 1st Mortgage, with a 10% annual return amortized over 20 years and a balloon payment by the 7th year. Proceeds will fund a new high school. Settlement is expected by March 2013.
documents/EFTA00301503.pdf
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