CHICAGO – August 31, 2017 – Associated Bank announces the closing of a $3,133,920 loan to GW Properties to acquire land for and build a multi-tenant retail building at 7905-17 Indianapolis Blvd. in Hammond, Indiana. The 1.4-acre property is located near the intersection of Indianapolis Blvd. and
The single story building will have a total of 9,250 sq. ft. divided into four retail spaces ranging from 1,200-3,900-sq. ft. Completion is anticipated in the second quarter of 2018.
Chicago-based GW Properties specializes in ownership and development 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.
Brian Rogan, vice president in the Commercial Real Estate division of Associated Bank, originated the loan.
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 nearly $30 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 over 200 banking locations serving more than 100 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
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