Finance v Wisconsin

Associated Bank closes $53 million loan for industrial building in Wisconsin

Associated Bank closes $53 million loan for industrial building in Wisconsi,ph01

Associated Bank completed a $33.15 million loan to Bluepoint 94 LLC for construction of a 590,525-square-foot industrial building in the Stateline 94 Business Park in Pleasant Prairie, Wisconsin. The property is located at the intersection of 120th Avenue and 122nd Street.

When completed in July of 2020, the building will be occupied by Fresenius Kabi, a global healthcare company specializing in medicines and technologies for infusion, transfusion and clinical nutrition for critically and chronically ill patients.

Bluepoint 94 LLC is a joint venture of Venture One Real Estate and CRG, with Clayco providing the design-build services.

Elizabeth Hozian, a senior vice president with Associated Bank’s commercial real estate division, handled the loan arrangements and closing.