Associated Bank Leads $84M Loan Syndicate for Enclave's Robinson Manufacturing Facility in Iowa

Reuters
Feb 03
Associated Bank Leads $84M Loan Syndicate for Enclave's Robinson Manufacturing Facility in Iowa

Associated Bank has closed an $84 million construction loan to Enclave for the development of a 622,788-square-foot build-to-suit heavy manufacturing facility in Altoona, Iowa. The financing was arranged and led by Associated Bank as administrative agent, with First National Bank of Omaha and Wintrust Financial participating as syndicate lenders. The new facility, built for Robinson, Inc., marks Robinson’s first manufacturing plant outside Wisconsin and is expected to create over 100 new jobs when completed in early 2027. The project also includes a $9 million infrastructure investment from the City of Altoona and a $76 million upgrade investment from Robinson.

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