Associated Bank has successfully secured a financing package worth $145,175,000 for the construction of an impressive three-story office and laboratory building in Maple Grove, Minnesota. The project is being developed by Ryan Companies and is expected to be completed in late 2025.
The loan arrangements and closing were handled by Steve Clifford, a senior vice president at Associated Bank’s Commercial Real Estate Division. A total of four lenders participated in the syndicated deal with Associated Bank holding $50 million of the financing package. The other lenders involved are First National Bank of Omaha, Alerus Financial and Johnson Bank.
Situated on approximately 38 acres just outside Minneapolis-St.Paul area, this build-to-suit facility will feature state-of-the-art amenities including 320,000 square feet of office space and 80
