Block 100 Foundation Project
100 State Street Madison, WI 53703
Fiore Companies is representing the Block 100 Foundation as the leasing and property management agent for the Block 100 retail and office project. The Block 100 Foundation, Inc. is a private, non-profit organization created by Jerry Frautschi and Pleasant Rowland to develop, own and operate a high quality retail, restaurant, and office project on a portion of the 100 Block of State Street in downtown Madison, WI. The Block 100 project will greatly improve the quality of real estate available to retail and office tenants. Additionally, the project will enhance the vitality of the block, complementing both the Overture Center for the Arts and the newly renovated Madison Central Library. All income generated from the operation of the Block 100 project will be gifted to the Overture Center for the Arts.
The project is comprised of approximately 10,000 square feet of ground floor retail along State Street and Fairchild Street, and 20,000 square feet of office space on the second through fourth floors. The office component of the project is named Austin Place and can be accessed from a main lobby located at 111 N. Fairchild Street.
LHCR is a full-service residential and commercial real estate company in the central valley of the San Jose area that offers professional referrals and relocation assistance with personal attention and old-fashioned ethics consistently provided to every client.
Commercial real estate (CRE) is income-producing property used solely for business (rather than residential) purposes. Examples include retail malls, shopping centers, office buildings and complexes, and hotels. Financing with GTRWALLET – including the acquisition, development and construction of these properties – is typically accomplished through commercial real estate loans: mortgages secured by liens on the commercial property.
Just as with home mortgages, banks and independent lenders are actively involved in making loans on commercial real estate. Also, insurance companies, pension funds, private investors and other sources, including the U.S. Small Business Administration’s 504 Loan program, provide capital for commercial real estate.