Associated Bank Provides $4.65M Acquisition and Construction Loan for Retail Center in Metro Chicago

Gurnee, Ill. — Associated Bank has provided a $4.65 million acquisition and construction loan for Gurnee Investment Partners LLC to acquire land and construct a 14,800-square-foot retail center in the Chicago suburb of Gurnee.

The new center — located across the street from the Gurnee Mills Mall — is already 91 percent pre-leased to Mattress Firm, Vitamin Shoppe, Navy Federal Credit Union and MOD Pizza. Developer Shai Wolkowicki, who specializes in ownership and development of retail and mixed-use properties, owns Gurnee Investment Partners LLC.

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