Retail v Wisconsin

Associated Bank closes $6 million loan to re-tenant former JC Penney store in Racine

Associated Bank closed a $6.2 million loan for David Israel/Learsi & Co. for the re-tenanting of a former JC Penney store at Regency Mall in Racine, Wisconsin.

Associated Bank closed a $6.2 million loan for David Israel/Learsi & Co. for the re-tenanting of a former JC Penney store at Regency Mall in Racine, Wisconsin.

When construction of the 130,000-square-foot property is complete, multiple tenants will occupy the former Penney's space, which is the western anchor of the mall.

New tenants will include Party City, JoAnn Fabrics and Ross Dress for Less.

Associated Bank also provided Learsi & Co. with financing to acquire the property in late 2014.