Skip to content
Homepage
  • Market
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Events
  • Sector
    • CRE
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Advertise
  • Real Estate Awards
  • Login/Register
WisconsinCRE

Associated Bank loans $36.3M for 11-story mixed-use building

Staff Writer March 26, 2017
Share on Facebook Share on Twitter Share on LinkedIn Share via email

Green Bay, Wisconsin-based Associated Bank completed $36,300,000 in syndicated financing for MCZ Development to be used for a new, 11-story mixed-use development at 165-171 North Aberdeen in Chicago.

The 11-story tower, being built by MCZ Development and marketed by @Properties, will have 13,895 square feet of street-level retail space, and 43,438 square feet of office space on the fourth and fifth floors. Floors six through 10 will contain 75 apartment units consisting of 10 studios, 50 one-bedroom units and 15 two-bedroom units. The second and third floors will provide parking for all tenants. The project is scheduled for completion in October.

Founded in 1985, MCZ Development has evolved as one of America’s top real estate developers, using its experience in construction and general contracting to specialize in high-density infill development projects across the country. @Properties is the largest independent real estate brokerage firm in Illinois and one of the top 12 residential brokers in the U.S.

Associated Bank was the lead arranger/administrative agent with an $18,150,000 hold. The Private Bank was co-lead arranger with a hold of $18,150,000. Vice President Michael Olson of the commercial real estate division of Associated Bank managed the loan and closing.

 

A prior version of this story’s headline referred to Associated Bank being based in Chicago. The company is based in Green Bay, Wisconsin, with its commercial real estate lending team in Chicago. RE Journals regrets the error. 

Tags
The Private Bank
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
MichiganRetail

Marcus & Millichap sells Office Depot-anchored center in Michigan

February 24, 2021
IndianaIndustrial

CA Industrial closes 244,000-square-foot industrial lease in Indianapolis

February 24, 2021
TexasMultifamily

Sunflower Beach Resort & Residences breaking ground on latest project in Port Aransas

February 24, 2021
IllinoisCRE

CBRE marketing Arlington International Racecourse for future development

February 24, 2021

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Contact Us
  • Events
  • Advertise
  • Office Locations
© 2021 REjournals.com