Chicago & Midwest + Midwest + Apartments | June 4, 2021

Associated Bank Lends on St. Louis-Area Apartments

Associated Bank completed a $25,500,000 loan to Timberland Partners for the acquisition of Grand Central at the Junction, a 180-unit apartment community at 6101 Grand Central Ave. in Wentzville, MO, approximately 40 minutes northwest of St. Louis. SVP Randy Stille handled the loan arrangements and closing.

The newly constructed project features a modern building style and attractive resident amenities, including one- and two-bedroom apartments with open floorplans; gourmet kitchens with stainless-steel appliances, granite countertops, tile backsplashes and bar seating; in-unit washers and dryers; private patios or balconies and dedicated storage. The location is just 40 minutes from downtown St. Louis and within walking distance of popular bars, restaurants and entertainment venues.

Minneapolis-based Timberland Partners owns and manages a portfolio of 83 communities in 15 states, totaling more than 18,000 apartment units. This is Timberland’s eighth multifamily property in the St. Louis market.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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).

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