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Associated Bank Provides Construction Loan for Lakeview Retail
Associated Bank has closed on a $4.1-million construction loan to GW Clybourn LLC for a new 3,000-square-foot building that will house a 7-Eleven gas station and convenience store. Construction will begin early in 2019, and is expected to be completed by year-end. The property, located at 3163 N. Clybourn Ave. in the North Side’s Lakeview neighborhood, was previously vacant.
VP Brian P. Rogan of Associated Bank’s commercial real estate division managed the loan and closing.
Chicago-based GW Properties has developed an expertise in retail and mixed-use properties. Over the past decade, GW principals have been involved in the brokerage, investment and development of over $500 million of real estate in the Chicago area. Typical deal sizes range from $500,000 to $5 million.
For comments, questions or concerns, please contact Paul Bubny
- ◦Financing
- ◦Development
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