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Chicago & Midwest  + Greater Chicagoland  + Industrial  |  December 4, 2024
Jasmine Kilman
By: Jasmine Kilman

Associated Bank Finalizes $43M for TCC Project in Illinois

Associated Bank has completed a $43.6 million warehouse and distribution center construction loan for Trammell Crow Company (TCC) for a speculative industrial building in Plainfield, Illinois. Edward (Ted) Notz, a senior vice president with Associated Bank’s Commercial Real Estate Division, originated and managed the loan.

The 788,000 square foot, Class A property will be part of the Plainfield Business Center at 26220 West 143rd Street on a 51.73-acre construction site that was previously farmland. Situated at the intersection of 143rd Street and Steiner Road, the Plainfield Business Center is a 600-acre planned industrial park in the center of the I-55 and I-80 industrial corridors with convenient access to both highways.

Site work has commenced, and completion is projected for the fall of 2025. The project will be managed by Trammell Crow’s Midwest Business Unit, led by Grady Hamilton. As of September 30, 2024, TCC had $19 billion of projects in process and $13.4 billion in its pipeline.

Read More News Stories About: Trammell Crow
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TCCAssociated Bank

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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