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The Buzz: West College Avenue activity

Two office buildings perk up with new owner and a new large tenant

Aug. 28, 2013
 
The Renaissance Office Plaza on West College Avenue in Grand Chute will be renamed for a future anchor tenant.
The Renaissance Office Plaza on West College Avenue in Grand Chute will be renamed for a future anchor tenant. / Illustration submitted by RMA Architects

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Reader question: The Giltedge is getting a lot of work. Do you know who is moving in? The building next door to it is also being renovated. What’s going on there?

Answer: Both buildings are indeed getting a lot of attention. They’re on West College Avenue in Grand Chute, south of the entrance to the Fox River Mall.

• The Giltedge, now called the CDW building, is the big gold office building at 4321 W. College Ave., at the corner of Nicolet Road.

Its large incoming tenant is Regus, a global provider of flexible workspace including office space, meeting rooms and a video conferencing studio that can be leased for hours, days, months or years. It’s taking the whole second floor.

The company provides office space, furnishings, IT and phones. It also has phone answering and mail services for virtual offices. See the full range of services at www.regus.com or call 920-791-1978, or 1-800-offices, for a tour.

“We’re opening on Oct. 7,” said Scott Ravenscroft, Regus’ area director. “We’re conducting sales tours as we speak. Our client list is starting to grow in Appleton, which is nice.”

• The second building the reader asked about is the next building, to the west, that’s set back from the street at 4351 W. College Ave.

It’s getting a major $1.5 million facelift right now to attract new tenants.

A large incoming tenant would have naming rights, and an artist’s illustration of the renovated building simply says “tenant” where the name will go. The previous name was the Renaissance Office Plaza, and had been owned by an out-of-state investor.

“The building sent through foreclosure and Wells Fargo got it back. They sat on it for two or three years. They were willing to sell it for a purchase price we could afford,” said Fred Jacques, a partner in Alliance Development, the building’s new owner.

The 100,000-square foot, five-story building is just 2 to 3 percent occupied, he said, by small offices for a TV station, eye doctor and Air Wisconsin. Years ago, Kimberly-Clark was a prominent tenant on two floors.

“We’ve been doing major renovations of the lobby, exterior and parking lot. We’re two months from being complete. We’re repainting and we have a new design and new canopy.”

With the lobby ready, Jacques said new tenants can move in.

“We’re signing leases now,” he said. “We can do the rest of the work in concert with build-outs.”

— Maureen Wallenfang: 920-993-1000, ext. 287, or mwallenfang@postcrescent.com; on Twitter @wallenfang

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