MILWAUKEE - May 6, 2021 - Associated Bank has completed a $13,254,500 loan to WRP Pewaukee LLC, an affiliate of Westminster Capital LLC, for the construction of a speculative industrial / light-manufacturing facility. The property is located at N17W25045 Bluemound Road, one-half mile northeast of the intersection of I-94 and Hwy 16 in Pewaukee, Wisconsin, 15 miles west of Milwaukee.

The new facility, which will be constructed on 42.7 acres of currently vacant land, will have 218,000- square feet with 32-foot clear heights and parking stalls for 158 cars, 25 trucks and another eight ADA stalls. Completion is projected for the fourth quarter of 2021.

Lake Forest, Illinois-based Westminster Capital LLC is a private real estate equity fund manager. Founded in 1988 by Rob Lansing, the firm has raised over $800 million in capital across fifteen private real estate equity funds, and invested in over $3 billion of real estate projects, including ground-up construction, and value-add repositioning of office, industrial, multi-family and senior housing across the United States.

Edward (Ted) Notz, a senior vice president with Associated Bank's Commercial Real Estate, handled the loan arrangements and closing.

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 $35 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 240 banking locations serving more than 120 communities throughout Wisconsin, Illinois and Minnesota, and commercial financial services in Indiana, Michigan, Missouri, Ohio and Texas.

Attachments

  • Original document
  • Permalink

Disclaimer

Associated Banc-Corp published this content on 06 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 May 2021 14:11:03 UTC.