Associated Bank announced it has signed an agreement to purchase the Milwaukee Center commercial office building at 111 East Kilbourn Avenue in Milwaukee. 

According to Philip B. Flynn, president and CEO, Associated will occupy a significant portion of the 28-story building when the lease on its current regional office expires in 2022.

Approximately 320 Associated employees currently occupy 97,000 square feet of the Plaza East towers at 330 East Kilbourn.  

“Our purchase of this iconic, city-center building aligns with our efforts to become the city’s hometown bank,” Flynn said.  “As a major corporate citizen, we’re filling that role through our support of consumers and business clients, and through our strategic investments in new office locations, economic and cultural development initiatives, and affiliations with the Milwaukee Brewers, Marcus Center, United Performing Arts Fund and other community partners.”

The Milwaukee Center was built in 1988 and it has 373,000 square feet of space.