Chicago & Midwest + Midwest + Industrial | December 22, 2020

InSite Lines Up Financing on 1M-SF BTS in Michigan

Associated Bank completed financing on behalf of InSite Real Estate LLC for the land acquisition and construction of an industrial facility located on a 263-acre site in Newport, MI. The Lake Erie port city of Newport is approximately 30 miles southwest of Detroit.

The 1,026,513-square-foot build-to-suit facility will feature 36’ clear height, 87 loading-level dock doors and four drive-in doors, with parking for 250 cars. The building has been pre-leased to a Fortune 100 company, and completion is expected by fall 2021.

Associated Bank was the lead arranger and administrative agent, working with Great Southern Bank and Trustmark National Bank. SVP Krista Casper with Associated Bank’s Commercial Real Estate handled the loan arrangements and closing.

Based in Oak Brook, IL, InSite has successfully completed more than 600 build-to-suit projects for more than 50 companies in over 40 states and Europe.

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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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