Associated Bank completes $14M loan for retail property in Northville Township, Mich.

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Tuesday, December 04, 2018

CHICAGO – December 4, 2018 – Associated Bank announced the completion of a $14,080,000 loan to Inland Retail Property Fund, LP, for the acquisition of Northville Park Place,18771-39869 Traditions Drive in Northville Township (in Wayne County), Michigan. The six-building, 78,833-square-foot retail center, located at the southwest corner of Seven Mile Road and Haggerty Road, is anchored by Trader Joe’s. Other tenants include Granite City, Rusty Bucket and Sherwin Williams.

 

Inland Retail Property Fund, LP (“Fund”) is an open-end fund that invests in necessity-based open-air retail shopping centers throughout the United States.

 

Senior Vice President Krista Casper 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, Texas and Wisconsin.

 

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ABOUT ASSOCIATED BANC-CORP

Associated Banc-Corp (NYSE: ASB) has total assets of over $33 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. 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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