Concordia University associate professor of history and economics Van Mobley and his wife are buying the original Thiensville State Bank building.
By the end of the month Concordia University associate professor of history and economics Van Mobley and his wife will close on the purchase of the original Thiensville State Bank building, located at 136 Green Bay Road in downtown Thiensville.
The 1,300-square-foot, one-story, brick building was constructed in 1910.
The Mobleys are buying the building from long-time Thiensville businessman John Burbank. Mobley declined to disclose the terms of the deal.
Burbank, 89, owned the building since 1946 and operated Ozaukee Insurance Agency in the building until the end of 2008, when he dissolved the business. He remodeled the interior of the building in 1976 and repaired the exterior a few years ago.
The building will provide office space for Do-Mo Capital Management LLC, an investment management firm owned by Mobley and Justin Dopierala, Mobleys’ former student. They are the only employees and the firm is currently based in Mobley’s Thiensville home. Do-Mo has just under $3 million under management, Mobley said.
"We’ve grown," Mobley said. "The time had come to have a new office."
Mobley said he plans to renovate the interior of the building returning the space to its original appearance.
The building is located at the heart of the downtown Mequon-Thiensville Town Center area.
"It’s a wonderful spot," Mobley said. "I think the whole area will redevelop and develop further."
"This street is very attractive," Burbank said. "This is a historical district. This area right here was once the hub of Thiensville and Mequon."