Associated Bank issued the following announcement on June 4
Associated Bank announced the completion of a $10.5 million construction loan for WRP New Berlin II to build a 192,800 square-foot rentable warehouse/distribution center near the intersection of West Small and Moorland Roads in the Milwaukee suburb of New Berlin, Wis. Completion is targeted for the fall of 2021.
Westminster Realty Partners III LP is a private real estate equity fund managed by Lake Forest, Illinois-based Westminster Capital. Founded in 1988 by Rob Lansing, the firm has raised over $900 million in capital across fifteen private real estate equity funds, and invested in over $3 billion of real estate projects, including ground-up construction and value-add repositioning of office, industrial, multi-family, and senior housing across the United States.
Senior Vice President Edward "Ted" Notz of the Commercial Real Estate division of Associated Bank managed the loan and closing.
Associated Bank’s Commercial Real Estate division is committed to providing commercial real estate developers/owners/operators with an array of financing solutions, in addition to products and services that meet their unique needs. The division has offices in Illinois, Indiana, Michigan, Minnesota, Missouri, Ohio, Texas and Wisconsin.
Original source can be found here.
Source: Associated Bank
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