Associated Bank completes $2.7M loan for warehouse acquisition in Wheeling, Illinois

CHICAGO - May 3, 2024 - Associated Bank recently announced completion of a $2,714,000 term loan for The Missner Group / Greystar-Thackeray. The loan finances the acquisition of a fully leased, two-tenant industrial warehouse building at 1-5 Messner Drive in Wheeling, Illinois.

The 58,174 square foot warehouse is located adjacent to the Chicago Executive Airport within a dense industrial pocket. It is also three miles from a full interchange at I-294 and Willow Road. The warehouse is currently leased to Ashland Millwork and Cadence, Inc.

Established in 1945, The Missner Group is a privately held real estate development, construction and asset management firm headquartered in Des Plaines, Illinois. Daniel Barrins, a senior vice president with Associated Bank's Commercial Real Estate Division, originated the loan.

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.

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ABOUT ASSOCIATED BANC-CORP

Associated Banc-Corp (NYSE: ASB) has total assets of $41 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 more than 200 banking locations serving more than 100 communities throughout Wisconsin, Illinois and Minnesota. The company also operates loan production offices in Indiana, Michigan, Missouri, 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 www.associatedbank.com.