Associated Bank has completed financing for two retail projects with Chicago-area developers.
Associated Bank provided a refinance loan of $6.68 million to First National Development to refinance Plaza Lawrence Shopping Center, a 131,000-square-foot retail center in Lawrence, Kansas. Plaza Lawrence is 100-percent occupied, with tenants such as Home Depot, Best Buy and BP Oil.
The bank also provided a loan of $2.24 million to Shorewood Development Group for the acquisition and construction of a 10,000-square-foot multi-tenant retail center that will replace a closed restaurant on the northeast corner of DeKalb Avenue and Gateway Drive in Sycamore, Ill.
Shorewood will demolish the former ZaZa’s restaurant across from Kishwaukee Community Hospital and build a new building.
