Byline Bank Commercial Real Estate Group Provides $12M to Finance the Construction of Retail Building for Time Equities
CHICAGO, March 19, 2024 (GLOBE NEWSWIRE) -- Byline Bank’s Commercial Real Estate Group (BCREG) has closed on $12 million in financing for the construction of a 99,825-sq-ft retail building in Maryville, Tennessee, fully leased to the membership-only warehouse retailer BJ’s Wholesale Club, Inc.
- CHICAGO, March 19, 2024 (GLOBE NEWSWIRE) -- Byline Bank’s Commercial Real Estate Group (BCREG) has closed on $12 million in financing for the construction of a 99,825-sq-ft retail building in Maryville, Tennessee, fully leased to the membership-only warehouse retailer BJ’s Wholesale Club, Inc.
- This loan, the seventh transaction Byline has financed for Time Equities and its affiliates, is enabling the full revitalization of a once-vacated mall in Maryville.
- The redevelopment of this property brings new employment opportunities and provides the community with more local retail options for groceries and household staples.
- “We are excited to support another Time Equities transaction while furthering BCREG’s strategy of building lasting relationships with best-in-class sponsors.”
“We deeply value the longstanding relationship we have with Byline’s Commercial Real Estate Group.