Associated Bank Finances Molto Properties' Canal Pointe II Industrial Project Near Columbus
CHICAGO — Associated Bank has completed a construction loan to an affiliate of Molto Properties for the development of Molto Canal Pointe II, a 210,748-square-foot Class-A industrial distribution facility located at 7550 Robinett Way in Canal Winchester, Ohio, approximately 15 miles southeast of downtown Columbus, the bank announced July 14, 2026.
Project Details and Configuration
The facility will sit on a 23.67-acre parcel at the northeast corner of Bowen Road and Robinett Way, a site currently vacant. When complete, Molto Canal Pointe II will be designed for a two-tenant demising configuration, capable of accommodating occupants requiring approximately 100,000 square feet each, while also able to serve a single full-building tenant. Construction is underway, with shell completion targeted for early 2027.
Marcus Harris, a vice president with Associated Bank's Commercial Real Estate division in Chicago, managed the loan arrangements and closing.
Molto Properties' Track Record in Canal Winchester
Molto Canal Pointe II will be the third speculative industrial facility developed by Molto Properties in Canal Winchester. The project follows the September 2023 completion of the adjacent Molto Canal Pointe, a two-building industrial park totaling 825,322 square feet.
Molto Properties is a privately held real estate company focused on the operation and development of industrial properties. According to the firm, it develops projects designed to serve major retailers, e-commerce fulfillment providers, manufacturers, and distributors.
A Programmatic Lending Relationship
The Canal Pointe II financing represents the 11th project between Associated Bank and Molto Properties, underscoring an established programmatic lending relationship between the two organizations. Associated Bank's Commercial Real Estate division maintains offices in Illinois, Indiana, Michigan, Minnesota, Missouri, Ohio, Texas, and Wisconsin, and provides financing solutions to commercial real estate developers, owners, and operators.
Associated Banc-Corp (NYSE: ASB), the parent company of Associated Bank, holds approximately $50 billion in total assets and is the largest bank holding company headquartered in Wisconsin. The Green Bay-based institution operates more than 200 banking locations across Wisconsin, Illinois, Iowa, Minnesota, Missouri, and Nebraska, and maintains loan production offices in Indiana, Kansas, Michigan, New York, Ohio, and Texas.
The loan terms were not disclosed.