Associated Bank announced the closing of a more than $84 million loan to Enclave for the development of a 622,788-square-foot build-to-suit heavy manufacturing facility in Altoona, Iowa.
The loan was arranged and led by Associated Bank as administrative agent with syndicate lenders First National Bank of Omaha and Wintrust Financial. John Rent, a senior vice president with Associated Bank’s Commercial Real Estate division, handled the loan arrangements and closing.
The new manufacturing facility is being built for Robinson, Inc. As their first manufacturing facility outside of Wisconsin, Robinson will now have close to 1.4 million total square feet of manufacturing space in Wisconsin and Iowa…