CHICAGO – February 24, 2020 – Associated Bank announced the completion of a $17,750,000 land acquisition and construction loan to GW Properties for the development a 62,540 square-foot, four-building shopping center known as Willows Crossing. The multi-tenant center will be located at the southwest corner of Willow and Pfingsten Roads in Glenview, Illinois. Currently, signed leases include Mission BBQ, First Watch Café and an undisclosed 35,000 square-foot grocery tenant. Construction will be completed and retailers open for business in the spring of 2021.
GW Properties has developed an expertise in retail and mixed-use properties. Over the past decade, GW principals have been involved in the brokerage, investment and development of over $500 million of real estate in the Chicago area with a typical deal size ranging from $500,000 to $15 million.
This is Associated Bank's 11th loan to GW Properties. Senior Vice President Daniel Barrins of the Commercial Real Estate division of Associated Bank managed the loan and closing.
Associated Bank’s Commercial Real Estate division is committed to providing commercial real estate developers/owners/operators with an array of financing solutions, in addition to products and services that meet their unique needs. The division has offices in Illinois, Indiana, Michigan, Minnesota, Missouri, Ohio, Texas and Wisconsin.
# # #
ABOUT ASSOCIATED BANC-CORP
Associated Banc-Corp (NYSE: ASB) has total assets of $32 billion and is one of the top 50 publicly traded U.S. bank holding companies. Headquartered in Green Bay, Wisconsin, Associated is a leading Midwest banking franchise, offering a full range of financial products and services from more than 240 banking locations serving more than 120 communities throughout Wisconsin, Illinois and Minnesota, and commercial financial services in Indiana, Michigan, Missouri, Ohio and Texas.