CHICAGO – May 2, 2019 – Associated Bank announces the completion of a $5,560,000 bridge loan to Midwest Industrial Funds for acquisition of a 218,000 sq. ft. industrial/warehouse facility at 1301 Ridgeview Drive in McHenry, Illinois. Built in 1995, the air-conditioned building is located on almost 20 acres and has 20 exterior loading docks with exterior parking for 519 cars and 40 trailers. Approx-imately 50 percent of the space is leased to Disk.com.
Midwest Industrial Funds is a vertically-integrated industrial real estate investment, development, asset management and advisory company that has acquired, developed and sold over six-million square feet of industrial buildings and over 290 acres of land valued in excess of $300 million.
Senior Vice President Krista Casper of Associated’s Commercial Real Estate division originated the loan.
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.
ABOUT ASSOCIATED BANC-CORP
Associated Banc-Corp (NYSE: ASB) has total assets of nearly $34 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.
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