Associated Bank has provided $7.4 million in new construction financing to HSA Commercial Real Estate for a 137,500-square-foot multi-tenant building on a 9.53-acre vacant parcel at 1200-50 Douglas Road in Batavia, Illinois.
The location is near the North Kirk intersection, and minutes north of the Interstate-88 interchange at Farnsworth. The building, which is adjacent to other industrial properties that include tenants such as Suncast, ALDI, Iron Mountain, PPG and AGCO Crop, is scheduled for completion in May of 2017, and will be available for lease by industrial/distribution tenants.
Vice president Michael Olson of the commercial real estate division of Associated Bank managed the loan closing.
