CHICAGO – March 25, 2016 – Associated Bank finalized a $4,650,000 acquisition and construction loan for Gurnee Investment Partners, LLC to acquire land and construct a 14,800 sf retail center at 6447 Grand Avenue in Gurnee, Illinois at the intersection of West Grand Avenue and Hunt Club Road. The new center, which is across the street from the Gurnee Mills Mall, is already 91 percent pre-leased to Mattress Firm, Vitamin Shoppe, Navy Federal Credit Union and MOD Pizza.
Gurnee Investment Partners, LLC is owned by developer Shai Wolkowicki who specializes in ownership and development of retail and mixed-use properties.
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 and Wisconsin.