CHICAGO - April 30, 2026 - Associated Bank announced the completion of a $22,600,000 loan to Shorewood Development Group for the acquisition and renovation of a vacant 66,083 square foot former grocery store at 1160 W. Lake Cook Road in Buffalo Grove, Illinois. The acquisition, at the intersection of Lake Cook and Arlington Heights Roads, also included an outlot site.
The new Chase Plaza project will convert the vacant retail space into a two-tenant, grocery-anchored retail building occupied by Sprouts Farmers Market and Club Studio fitness center. The space has been vacant for years and the renovation will add a new grocer to the area as well as the first Club Studio in the northwest Chicago suburbs
Shorewood Development Group, LLC, is a full-service, tenant-driven, retail developer specializing in quality developments. The company leverages a vast network of relationships in both the real estate and investment community to help real estate partners take challenging growth plans from concept to reality.
Daniel Barrins, a senior vice president with Associated Bank's Commercial Real Estate division in Chicago, managed the loan arrangements and closing. This is Associated Bank's 13th loan to Shorewood Development Group.
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 The 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 approximately $50 billion and is the largest bank holding company based in Wisconsin. 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 throughout Wisconsin, Illinois, Iowa, Minnesota, Missouri and Nebraska.
The Company also operates loan production offices in Indiana, Kansas, Michigan, New York, 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 https://www.associatedbank.com.
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Associated Banc-Corp published this content on April 30, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 30, 2026 at 13:42 UTC.
Associated Banc-Corp is a bank holding company. The Company, through Associated Bank and nonbanking subsidiaries, provides a range of financial products and services from over 200 banking locations throughout Wisconsin, Illinois, Iowa, Minnesota, Missouri and Nebraska. It operates loan production offices in Indiana, Kansas, Michigan, New York, Ohio and Texas. The Corporate and Commercial Specialty segment serves a range of customers, including larger businesses, developers, not-for-profits, municipalities, and financial institutions by providing lending and deposit solutions as well as the support to deliver, fund, and manage such banking solutions. The Community, Consumer and Business segment serves individuals and businesses by providing lending and deposit solutions and a variety of investment, fiduciary, and retirement planning products and services. The Risk Management and Shared Services segment include key shared operational functions and includes residual revenue and expenses.
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