CHICAGO – January 16, 2019 – Associated Bank announced the completion of a $6,500,000 loan to Timber Hill and The Missner Group for acquisition of a 12-acre site at 2100 N. 15th Street in Melrose Park, Illinois. An existing 300,000-square-foot building on the site will be demolished to allow for construction of a 285-space truck parking lot. Improvements will include paving the site, adding security fencing, security cameras, lights and an automatic gate with secure keypad entry. The facility, which will be operated by both Timber Hill and The Missner Group, is scheduled for completion in July 2019.

Timber Hill is a private equity firm specializing in the acquisition and development of logistics related industrial real estate throughout the U.S. Established in 1945, The Missner Group provides comprehensive and integrated real estate development, property/asset management and construction services throughout the Chicago area.

Krista Casper, a senior vice president with Associated Bank’s Commercial Real Estate division, managed the loan and 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, Texas and Wisconsin.

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Associated Banc-Corp (NYSE: ASB) has total assets of over $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 230 banking locations serving more than 110 communities throughout Wisconsin, Illinois and Minnesota, and commercial financial services in Indiana, Michigan, Missouri, Ohio and Texas.