CHICAGO – May 6, 2013 – – Associated Bank recently provided a $2,000,000 loan to Pine Tree Commercial Realty, Chicago, for the acquisition of Times Square Mall, a 262,168 square foot retail shopping center in Mount Vernon, IL.
“This loan provided Associated Bank with a great opportunity to expand our relationship with the Pine Tree team,” said Krista Casper, Vice President, Associated Bank Commercial Real Estate.
Pine Tree Commercial Realty, LLC is a leader in the development, acquisition, leasing and management of necessity-based retail properties throughout the United States, with retail partners ranging from national food and drug retailers to superstores and specialty shops. Pine Tree, headquartered in Chicago, was founded in 1995 and has since developed and acquired 64 shopping centers totaling approximately six million square feet, with an aggregate value of over $600 million.
Headquartered in Chicago, the Commercial Real Estate division of Associated Bank is committed to providing its clientele of developers/owners/operators of commercial real estate with financing solutions, and an array of products and services catering to the unique demands of their business. The bank currently has Commercial Real Estate offices located in Illinois, Indiana, Michigan, Minnesota, Missouri, Ohio and Wisconsin.