Thursday, August 25, 2016

NAI Isaac Releases Lexington, KY CRE 2016 Mid-Year Market Report

NAI Isaac Commercial Properties'  Mid-Year Market Report for 2016 provides a comprehensive review of commercial real estate activity in the Lexington metropolitan area. The report provides a concise look at the occupancy/vacancy rates in retail, office and industrial categories as well as what is expected for the remainder of 2016.  This report surveys Class A & B properties that are 10,000 square feet and larger.  NAI Isaac compiled and analyzed data on approximately 524 commercial properties representing over 32 million square feet of office, retail and industrial premises.

Click here to View Complete Report


Tuesday, August 16, 2016

O'Neill's Irish Pub Renews Lease at Idle Hour, Remains Staple of Lexington Music Scene

During the last 4 years under its current ownership, O'Neill's Irish Pub has remained one of Lexington's entertainment gems.  Combining a relaxed atmosphere with good food and live entertainment, O'Neill's attracts Lexingtonians in search of burgers, bands and brews.  Now with the extension of their lease at Idle Hour Shopping Center, O'Neill's fans can rest assured that their favorite pub will remain in business for years to come.  "Our goal is simple," says Matthew Mason, General Manager of O'Neill's.  "We want to provide great service, fresh food and live music and events to the Lexington community. As long as we've got those things covered, our customers keep coming back.  It's just a fun place to hang out with friends and unwind." 

O'Neill's is located at 2051 Richmond Road at Idle Hour Shopping Center, which is professionally leased and managed by NAI Isaac Commercial Properties.  "We are happy to retain a quality tenant like O'Neill's," stated Bruce Isaac, SIOR, CCIM, Senior Vice President with NAI Isaac.  "We look forward to working with O'Neill's for many years." 

For more information on O'Neill's Irish Pub, visit their website at www.oneillslexington.com.  Bruce Isaac,SIOR, CCIM, Senior Vice President and Jim Kemper, Vice President of NAI Isaac represented the landlord during the lease renewal.  


Thursday, August 4, 2016

NAI Isaac Brokers +/-33,000 SF Industrial Building for $1,825,000 in Lexington, KY

The +33,000 SF office/warehouse building, located at 1387 East New Circle Road in Lexington, Kentucky was successfully marketed and sold for McLean Properties, Inc.  The Buyer plans to renovate and expand the existing building.  Al Isaac, President and Jamie Adams, LEED AP, Senior Associate represented the Seller.  David Allen with The Gibson Company represented the Buyer.


Thursday, June 9, 2016

The Plaza at Lexington Green Welcomes Peacocks & Pearls, Reaches 100% Occupancy

The Plaza at Lexington Green, one of Lexington’s newest retail destinations, is set to welcome its latest tenant, Peacocks & Pearls to Suite 170.  The new women’s boutique is slated to open late summer and will offer fun ladies’ clothing, accessories, jewelry and affordable fashion for women of all ages.   “We have enjoyed our relationship with NAI Isaac and especially Paul Ray Smith and Jamie Adams.  They provided excellent service and were easy to work with.  They are very knowledgeable about the Lexington market, communicate well and they provide results.  We are extremely pleased with the tenants at The Plaza at Lexington Green and appreciate all the work they did to accomplish 100% occupancy for us.  We would certainly use NAI Isaac again.” stated representatives of Lexington Green, L.P., owners of the center.   NAI Isaac also negotiated leases with Vetdata, Mellow Mushroom, and Sola Salon Studios. 


The Plaza at Lexington Green is a redevelopment of the former Lexington Green cinema building, located between Fayette Mall, Target, The Mall at Lexington Green and Hilton Suites Hotel.  Paul Ray Smith, Executive Vice President and Jamie Adams, Senior Associate, represented Lexington Green, L.P. during the lease negotiations.  


Tuesday, May 10, 2016

NAI Isaac Gives Back Through Partnership with God's Pantry Food Bank

NAI Isaac recently partnered with God's Pantry Food Bank to host its first annual "Love and Luck" Food Drive.  The food drive garnered over 7,400 pounds of food which will be distributed to hungry families within Fayette County.   "As a company, we've done several charitable projects in the past, usually around the holiday season," says Al Isaac, President of NAI Isaac.  "This year, we wanted to do something that maximized our outreach potential.  We expanded our fundraising efforts and invited the tenants at our managed properties to participate in our Food Drive. NAI Isaac matched all donations.  We are very pleased that 6,178 meals will be provided to people who need them.  It's a great effort - one that we hope to expand in the future."   

The donations couldn't come at a better time as contributions to God's Pantry Food Bank tend to decrease after the holiday season. "Unfortunately, hunger continues to be an ever-present issue within Fayette County." states Misty Simms, External Relations Manager of God's Pantry Food Bank.  "NAI Isaac utilized their established relationships with businesses across Fayette County to develop a food drive campaign that will have a positive impact on thousands of Fayette County families - a wonderful display of corporate citizenship.  They are the first commercial real estate firm in the area to initiate a partnership with our organization. Our hope is that other businesses in the area will follow their example."  God's Pantry Food Bank will continue to accept online donations to the Love and Luck Food Drive.  To make a contribution visit our online donation page

Tuesday, April 12, 2016

NAI Isaac Completes Sale of Lexington CBD Development Property - New Owners Plan Property's Future

Plans to demolish and rebuild a signature downtown location have created a buzz around Lexington.  NAI Isaac recently sold +/-0.3795 acres located at 367-375 East Main Street and 107-111 Eastern Avenue to local developers who plan to construct a new 5-story mixed use building.  Per the development plan, the first floor will house a bank and the second through fifth floors will house 24 two-bedroom condominiums. The building will also feature a rooftop garden and recreation area.  Plans for a two-story parking garage are also underway.

Developers worked with CMW, Inc. to create the building's concept known as vintage modern.  The building's design will fuse historic architectural touches with modern features to create a building that has the aesthetics of the historic downtown "look" and the convenience of modern design.  According to new owner developer Jeff Morgan, only two floors remain available.  All other spaces have commitments.  For more details concerning Lexington's latest downtown development, check out this article from the Lexington Herald-Leader. 

Al Isaac, President, Bruce Isaac, SIOR, CCIM, Senior Vice President and Jamie Adams, LEED AP, Senior Associate represented the Owner during the sale transaction.  Tyce McCullough with Rector Hayden assisted the Buyer.