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The Buzz: Lawrence purchases former North Shore Bank building

Jan. 8, 2014
 

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The former bank building at 320 E. College Ave. in downtown Appleton has been sold.

Twice, actually, and the new owner is Lawrence University.

The building was a North Shore Bank branch that closed due to underuse in April 2011. It’s in the middle of the block that also includes Dr. Jekyll’s, Heid Music and the History Museum at the Castle.

Wisconsin Department of Revenue records show the Brookfield-based bank sold the property Nov. 1 to KTW Investments in Appleton for $230,000.

That investor sold it to the nearby Lawrence University for $284,000 on Dec. 30. The 10,800-square-foot, two-story office building, including a 56-car parking lot in the rear, previously had been listed at $395,000.

“We’re still discussing plans for the building and what to do with the space,” said Jake Woodford, assistant to Lawrence president Mark Burstein. “Lawrence is committed to the vibrancy of the downtown district, and we hope that by owning and occupying a long-vacant building, we will support that.”

Besides being a good location in the block west of campus, the spot provided parking. “The parking behind the building will help alleviate some pressure,” Woodford said.

Before North Shore Bank, that location had been TCF Bank. According to Post-Crescent archives, TCF Bank was formerly a part of Republic Savings. Before Republic owned it, it operated as Home Savings and Loan, also known as Home Savings Bank.

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

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