Associated Bank Provides $11.7M Loan To GTZ Properties For Retail Center In Bannockburn

A construction loan was provided for a retail asset comprising 23,864 square feet across four buildings, located at 1300 Half Day Road in Bannockburn. The property sits on 5.3 acres and is currently 93% preleased, featuring tenants such as Wells Fargo, Chipotle, Heart Certified Auto Care, Just Salad, and a nail salon. The completion of this project is anticipated in summer 2026.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $11,700,000
• Lender: Daniel Barrins - Associated Bank
• Landlord: GTZ Properties

This transaction highlights the involvement of Daniel Barrins from Associated Bank as the lender facilitating the financing for GTZ Properties. The preleasing status indicates a strong market interest and tenant lineup for the retail center being developed at this location.