Associated Bank finalizes $43.6M warehouse/distribution center construction loan for Trammell Crow

CHICAGO - December 2, 2024 - Associated Bank, as Lead Arranger and Administrative Agent, announced completion of a $43.6 million warehouse/distribution center construction loan for Trammell Crow Company (TCC). The 788,000 square foot, Class A speculative industrial building will be part of the Plainfield Business Center at 26220 West 143rd Street in Plainfield, Illinois.

The 51.73-acre construction site was previously farmland. Situated at the intersection of 143rd Street and Steiner Road, the Plainfield Business Center is a 600-acre planned industrial park in the center of the I-55 and I-80 industrial corridors with convenient access to both highways.

Site work has commenced, and completion is projected for the fall of 2025. The project will be managed by Trammell Crow's Midwest Business Unit, led by Grady Hamilton.

TCC provides a full range of development and investment services to commercial real estate occupiers and investors. Founded in 1948, the firm has developed or acquired nearly 2,900 buildings valued at $75 billion and over 655-million square feet. As of September 30, 2024, TCC had $19 billion of projects in process and $13.4 billion in its pipeline. Trammell Crow is a wholly owned subsidiary of CBRE (NYSE: CBG), one of the largest commercial real estate firms in the US.

Edward (Ted) Notz, a senior vice president with Associated Bank's Commercial Real Estate Division, originated and managed 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 $42 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 nearly 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.