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Chicago & Midwest  + Chicago + Downtown  + Finance  | 
166 N. Aberdeen St. rendering Chicago Greystar

Associated Bank Lends on Greystar’s Fulton Market Project

Associated Bank completed a $59,726,778 loan to Greystar / GS Aberdeen Owner, LLC, for construction of a 223-unit, 20-story apartment building at 166 N. Aberdeen St. in the Fulton Market District. The project, which will be constructed on a 0.6 acre-parcel that was the former site of the Fabbri Sausage plant, will also have approximately 3,500 square feet of street-level retail.  

 Edward “Ted’ Notz, an SVP with Associated Bank’s Commercial Real Estate Division, handled the loan arrangements and closing. Associated Bank was the lead arranger and administrative agent, working with ServisFirst Bank and Old Second National Bank. 

The project is located a few blocks from CTA’s Morgan Street “El” station, in addition to McDonald’s headquarters and Google’s Chicago headquarters. Twenty-three units will be designated as affordable housing. Completion is projected for Spring 2023. 

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Associated Bank's Notz

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Financing
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