Associated Bank closed a $27.56 million loan for Groveport Venture LLC for construction of a 640,640-square-foot speculative industrial building in Groveport, Ohio.
Located at the southeast corner of Hayes Road and Pontius Road, the property is adjacent to Rickenbacker International Airport and about 15 miles from downtown Columbus, Ohio.
The 47-acre site is located six miles from the I-270/Route 33 interchange and about nine miles from the I-70/I-270 interchange.
Upon completion, the precast concrete and steel building will feature cross-dock configuration, 36-foot clear height, 60 exterior docks, four drive-in doors, 185-foot truck courts and 154 trailer parking stalls. Completion is anticipated this summer.
Elizabeth Huzian, a senior vice president with Associated Bank’s commercial real estate division, and colleagues Evelyn Turner and Paul Henning closed the loan.