Jo-Ann Fabrics & Crafts +12,120 SF Lease Brings Towne Centre to 100% Leased!

NAI Isaac leases +/-12,120 SF to Jo-Ann Fabrics and Crafts in Towne Centre on US 31W in Elizabethtown, Kentucky.  Towne Centre is a +173,000 SF community shopping center anchored by Kroger and HH Gregg.  The center is now 100% leased.  Jo-Ann Fabrics and Crafts plans to open this Fall.  Jo-Ann is the nation's leading fabric and craft specialty store, operating approximately 850 stores in 49 states.   This will be their first Elizabethtown location.  

Paul Ray Smith, Executive Vice President and Jim Kemper, Vice President with NAI Isaac Commercial Properties, represented the Landlord, The Rouse Companies, during the lease transaction.  Greg Meyer with Anchor Associates represented the tenant.

NAI Isaac Employee Receives Master of Science in International Real Estate

NAI Isaac congratulates David Woods, MSIRE, MAFM, MS, MBA, Accounting Manager, on obtaining a Master of Science degree in International Real Estate from Florida International University.  FIU's MSIRE program is a 10-month work intensive program designed to provide graduates with real-world knowledge in the areas of valuation, investment analysis and performance management, financing techniques, law and accounting as they relate to the world of Commercial and International Real Estate. The program also provides graduates with three of the four required courses to earn a CCIM designation and provides an opportunity to become ARGUS certified.  

Woods received his degree on August 9, 2016.  "The program was great in that it provided me valuable practicum-based experience that lends itself well to my work at NAI Isaac. Our goal as a company is to provide cutting-edge services to our clients. The experience I have gained through this program will help contribute to that company goal" states Woods. 

Woods plans on utilizing his experience to fine-tune the company's accounting division and to elevate the services provided to NAI Isaac's customers.

For more information, visit his Full Profile.

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

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.  

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.

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.