CHICAGO – December 10, 2018 – Associated Bank announced the completion of a $4,100,000 construction loan to GW Clybourn, LLC for a new 3,000-square-foot building that will house a 7-Eleven gas station and convenience store. Construction will begin early in 2018 and is expected to be completed by year-end. The property, located at 3163 N. Clybourn Avenue in Chicago’s northside Lakeview neighborhood, was previously vacant.
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 $5 million.
Vice President Brian P. Rogan of the Commercial Real Estate division of Associated Bank managed the loan and closing.
Headquartered in Chicago, 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. Associated’s Commercial Real Estate 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 over $33 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 230 banking locations serving more than 110 communities throughout Wisconsin, Illinois and Minnesota, and commercial financial services in Indiana, Michigan, Missouri, Ohio and Texas. Associated Bank, N.A. is an Equal Housing Lender, Equal Opportunity Lender and Member FDIC. More information about Associated Banc-Corp is available at www.associatedbank.com.