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**Associated Bank Closes $84M Loan for Iowa Manufacturing Facility**
Associated Bank has announced the closing of a loan exceeding $84 million to Enclave, which will finance 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, serving as the administrative agent. First National Bank of Omaha and Wintrust Financial also participated as syndicate lenders. John Rent, Senior Vice President with Associated Bank’s Commercial Real Estate division, managed the loan arrangements and closing.
The facility is being developed for Robinson, Inc.—marking the company’s first manufacturing location outside of Wisconsin. Once completed, Robinson’s manufacturing footprint will total nearly 1.4 million square feet across Wisconsin and Iowa.
The city of Altoona is contributing $9 million toward infrastructure improvements to support the project. Additionally, Robinson plans to invest $76 million in facility upgrades. Upon completion in early 2027, the plant is expected to create over 100 new jobs. Valor Contracting, a division of Enclave, is serving as the general contractor for the project.
In related news, don’t miss Carter Andrus, Chief Operating Officer of Prologis, who is scheduled to deliver the keynote interview at Connect Industrial Midwest. The event takes place Tuesday afternoon, March 10, 2026, at Joe’s Live in Rosemont, Illinois.
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