CHICAGO – April 6, 2016 – Associated Bank recently approved an acquisition and construction loan of $6,570,000 to Knoxville VA, LLC, a subsidiary of W.D.Schorsch, LLC of Lake Forest, Ill., for a new state-of-the-art Veteran’s Administration clinic in Knoxville, approximately 40 miles southeast of Des Moines, Iowa. The 16,731 sf single-story, build-to-suit veterans’ clinic, scheduled for completion by the end of the year, will be located at 1607 N. Lincoln Street in Knoxville.
Founded in 1983, W.D. Schorsch, LLC specializes in the development and management of build-to-suit projects for the United States General Services Administration (GSA) throughout the continental United States, with a focus in the Midwest. The company has a long and successful history of government build-to-suits with Associated Bank.
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.