CHICAGO – December 1, 2016 – Associated Bank has provided $7,400,000 in new construction financing to HSA Commercial Real Estate for a 137,500 sq. ft. multi-tenant building on a 9.53-acre vacant parcel at 1200-50 Douglas Road in Batavia, Ill. The location is near the N. Kirk intersection and minutes north of the I-88 interchange at Farnsworth. The building, which is adjacent to other industrial properties that include tenants such as Suncast, ALDI, Iron Mountain, PPG and AGCO Crop, is scheduled for completion in May 2017 and will be available for lease by industrial/distribution tenants.
HSA Commercial Real Estate is a diversified, national full-service commercial real estate firm that provides development, management, leasing and client services in retail, office, healthcare, industrial and mixed-use properties. From its Chicago headquarters, the company has completed more than 10,000 real estate transactions valued at more than $5 billion over the last 30 years in multiple states, and currently manages more than 16 million-square-feet of retail, office, industrial and healthcare assets across the nation valued in excess of $2.5 billion.
Vice President Michael Olson of the Commercial Real Estate division of Associated Bank managed the loan 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 and Wisconsin.
ABOUT ASSOCIATED BANC-CORP
Associated Banc-Corp (NYSE: ASB) has total assets of $29 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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