CHICAGO – October 8, 2015 Associated Bank announced the awarding of over $14 million in loans for one local and one out-of-state project.

An affiliated entity of Green Courte Partners and The Parking Spot received $6.3M for the acquisition and repositioning of a 1,758-space parking garage serving Lambert-St. Louis International Airport. Founded in 1998, The Parking Spot is one of the nation’s largest near-airport parking operators, providing parking and shuttle service with 34 locations at 21 major airports across the U.S. The Parking Spot includes Parking Spot-branded facilities at Atlanta Hartsfield, Austin Bergstrom, Buffalo–Niagara, Baltimore–Washington International, Dallas Fort Worth, Dallas Love Field, Denver International, Houston Hobby, Houston Intercontinental, Kansas City, Los Angeles, Nashville, New York JFK, New York LaGuardia, Newark Liberty, Orlando, Philadelphia, Phoenix Sky Harbor, Pittsburgh, Port Columbus, and Lambert -St. Louis.

An affiliated entity of Metro Storage received $8.1M to acquire and reposition a vacated retail center at 3240 W. Touhy Avenue in Skokie, Ill.  The center will be converted into approximately 83,000 sf of climate controlled self-storage units. The project is scheduled for completion in the spring of 2016. Metro Self Storage has been in the business of self-storage since 1973, built and operated the first self-storage location in Illinois, and today operates storage facilities in 12 states.

Senior Vice President Edward (Ted) Notz of the Commercial Real Estate division of Associated Bank managed both loans.

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.