Finance N Illinois

Associated Bank completes $4.1M loan for new 7-Eleven in Chicago

Associated Bank completes $4.1M loan for new 7-Eleven in Chicago,ph1

Associated Bank announced the completion of a $4,100,000 construction loan to GW Clybourn, LLC for a new 3,000-square-foot building that will house a 7-Eleven gas station and convenience store. Construction is expected to be completed by the end of 2018.

The property, located at 3163 N. Clybourn Avenue in Chicago’s northside Lakeview neighborhood, was previously vacant. Vice president Brian P. Rogan of the commercial real estate division of Associated Bank managed the loan and closing.

GW Properties has developed an expertise in retail and mixed-use properties. Over the past decade, GW principals have been involved in the brokerage, investment and development of over $500 million of real estate in the Chicago area with a typical deal size ranging from $500,000 to $5 million.