Associated Bank has completed a loan of more than $13.2 million to WRP Pewaukee LLC for the construction of a speculative industrial/light-manufacturing facility in Pewaukee, Wisconsin.
The new facility, which will be built on 42.7 acres of vacant land, will have 218,000 square feet with 32-foot clear heights and parking stalls for 158 cars and 25 trucks. It will include an additional eight ADA stalls.
Construction is scheduled to finish in the fourth quarter of 2021.
WRP Pewaukee LLC is an affiliate of Westminster Capital LLC, a private real estate equity fund manager based in Lake Forest, Illinois.
Edward Notz, a senior vice president with Associated Bank’s commercial real estate division, handled the loan arrangements and closing.