Associated Bank Provides $84M Loan For Development Site In Altoona With Robinson Inc. As Tenant

A loan was secured for a development site located at Interstate 80 at NE 56th Street in Altoona, IA. This asset spans 622,788 square feet and is intended for a heavy manufacturing facility.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $84,000,000
• Market: Altoona, IA
• Lender: Associated Bank
• Broker: John Rent - Associated Bank
• Loan Type: Construction

The development is being handled by Enclave, while Robinson Inc. will occupy the facility as the tenant, indicating the collaborative nature of the project and the strategic planning involved in the transaction.