CHICAGO – May 2, 2017 – Associated Bank has provided Banner 111th Street Storage, LLC with a $4,950,000 loan for the construction of a 49,182 sq. ft. climate-controlled self-storage facility. Banner Storage Group (a Banner Real Estate Group Company) will develop the project, located at 3914 W. 111th Street in Chicago.
Formed in 2013, Banner Storage Group specializes in the development and construction of multi-story “Class A” self-storage facilities in major metropolitan urban-infill markets. The company has over 2.3 million gross sq. ft. of self-storage, completed and sold or in various stages of development and lease-up.
Senior Vice President Edward (Ted) Notz of the Commercial Real Estate division of Associated Bank 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 and Wisconsin.
ABOUT ASSOCIATED BANC-CORP
Associated Banc-Corp (NYSE: ASB) has total assets of $29 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 over 200 banking locations serving more than 100 communities throughout Wisconsin, Illinois and Minnesota, and commercial financial services in Indiana, Michigan, Missouri, Ohio and Texas. Associated Bank, N.A. is an Equal Housing Lender, Equal Opportunity Lender and Member FDIC. More information about Associated Banc-Corp is available at www.associatedbank.com
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