CHICAGO – December 20, 2019 – Associated Bank announced the completion of a $33,150,000 loan to Bluepoint 94 LLC for construction of a 590,525 square-foot industrial building in the Stateline 94 Business Park in Pleasant Prairie, Wisconsin. The property is located at the intersection of 120th Avenue and 122nd Street.
When completed in July 2020, the building will be occupied by Fresenius Kabi, a global healthcare company specializing in lifesaving medicines and technologies for infusion, transfusion and clinical nutrition for critically and chronically ill patients. Bluepoint 94 LLC is a joint venture of Venture One Real Estate and CRG, with Clayco providing the design-build services. Headquartered in Chicago, Venture One Real Estate is a real estate private equity fund manager, developer and operating company specializing in the industrial property sector. The company owns and manages over seven-million square feet and controls over 1,100 acres of land in corporate business parks in the greater Chicago area. CRG is a privately held real estate development firm that has developed more than 8,000 acres of land and delivered over 187 millionsquare feet of commercial, industrial, institutional and multi-family assets exceeding $11 billion in value. Founded in 1984, Clayco specializes in the “art and science of building,” providing fast-track and efficient solutions for industrial, commercial, institutional and residential-related building projects.
Elizabeth Hozian, a senior vice president with Associated Bank’s Commercial Real Estate, handled the loan arrangements and closing.
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. The division has offices in Illinois, Indiana, Michigan, Minnesota, Missouri, Ohio, Texas and Wisconsin.
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ABOUT ASSOCIATED BANC-CORP Associated Banc-Corp (NYSE: ASB) has total assets of $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 240 banking locations serving more than 120communities throughout Wisconsin, Illinois and Minnesota, and commercial financial services in Indiana, Michigan, Missouri, Ohio and Texas.