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Associated Bank finishes $6.98 million loan for Ohio industrial building
The $6.98 million term loan will fund a 75,250-square-foot industrial property in Pataskala, Ohio, completed in 2022 and leased to Thayer Power & Communication.
Associated Bank has completed a $6.98 million term loan for Transport Properties and GFH Partners to finance an industrial building at 3003 Etna Parkway in Pataskala, Ohio, about 20 miles west of Columbus.
The property spans 75,250 square feet and was completed in 2022. It sits on 20 acres, including seven acres of outdoor parking, and is leased to Thayer Power & Communication.
Transport Properties owns and manages the site, while GFH Partners is a global real estate asset manager and a subsidiary of GFH Financial Group. Elizabeth Hozian, a senior vice president in Associated Bank’s Commercial Real Estate division in Chicago, managed the loan arrangements and closing.