Associated Bank has recently provided a $43.6 million loan for Trammell Crow Company (TCC) to fund the construction of a warehouse and distribution center in Plainfield, Illinois. The loan was managed and originated by Edward (Ted) Notz, a senior vice president at Associated Bank’s Commercial Real Estate Division.
The new facility will cover 788,000 square feet and is classified as Class A property. It will be located within the Plainfield Business Center on a 51.73-acre site that was previously used for farmland. This industrial park is situated at the intersection of 143rd Street and Steiner Road, making it easily accessible from both I-55 and I-80.
Construction has already begun on the project with an estimated completion date set for fall of 2025. The development will be overseen by Trammell Crow’s Midwest Business Unit under Grady Hamilton’s leadership. TCC currently has $19 billion worth of projects in progress as well as an additional $13.4 billion in its pipeline as of September 30th, 2024.
This financing marks another successful collaboration between Associated Bank and TCC in their efforts to bring high-quality industrial spaces to market across various regions.
