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Chicago & Midwest  + North Side  + Retail  | 

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.


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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 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).

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