CHICAGO – December 21, 2020 – Associated Bank announced completion of financing for InSite Real Estate LLC for the land acquisition and construction of an industrial facility located on a 263-acre site in Newport, Michigan. The Lake Erie port city of Newport is approximately 30 miles southwest of Detroit.


The 1,026,513 square foot build-to-suit facility will feature a clear height of 36 feet, 87 loading-level dock doors and four drive-in doors, with parking for 250 cars. The building has been pre-leased to a Fortune 100 company, and completion is expected by Fall 2021.


InSite Real Estate, LLC. is a buyer, developer and operator of quality, income-producing real estate throughout the world. Based in suburban Chicago, Illinois, InSite has successfully completed over 600 build-to-suit projects for more than 50 companies in over 40 states and Europe.


Associated Bank was the lead arranger and administrative agent, working with Great Southern Bank and Trustmark National Bank. Krista Casper, 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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Associated Banc-Corp (NYSE: ASB) has total assets of $35 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 120 communities throughout Wisconsin, Illinois and Minnesota, and commercial financial services in Indiana, Michigan, Missouri, Ohio and Texas.