Retail Midwest

Associated Bank approves $11.4M loan for Walmart Center acquisition in Delafield, WI

Wal-Mart-Center-Delafield-Wis-_March-2016

Associated Bank has finalized an $11.4 million loan to Schermerhorn & Co./Heritage-Hillside, LLC for the acquisition of the Wal-Mart Center at 2720-2850 Heritage Drive and 2725 Hillside Drive in Delafield, Wisconsin.

Associated Bank has finalized an $11.4 million loan to Schermerhorn & Co./Heritage-Hillside, LLC for the acquisition of the Walmart Center at 2720-2850 Heritage Drive and 2725 Hillside Drive in Delafield, Wisconsin.

The 102,700-square-foot multi-tenant shopping center has been managed by Schermerhorn Commercial Real Estate for more than 18 years.

The Center is 90 percent leased to: Office Max, Petco, Dollar Tree, Great Clips, Sears Appliance, Subway and Dairy Queen.  The purchase does not include the building occupied by Walmart.