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A Successful Receivership Experience - A Case Study

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NAI Isaac has over 33 years of experience in Commercial Real Estate (CRE) best practices.The company’s professionals have the skills and experience to successfully handle any Real Estate challenge, including the Receivership process. Receivership can take the form of (1) Property Management leading up to a foreclosure sale and (2) Property Management as an alternative to foreclosure while real estate collateral is being marketed.Often, Receivers are appointed at the request of a lender to safeguard a property and rents if an owner stops making mortgage payments. In each situation, the Receiver is a neutral, legally appointed professional entrusted to manage the real estate collateral’s operations and finances until it is sold.One example of a successful Receivership process is Chase Tower, located at 201 East Main Street in Lexington, Kentucky.Built in 1973, Chase Tower remains foundational to Lexington’s Central Business District (CBD) and has been for more than 47 years.In 2009, Cha…

NAI Isaac Facilitates Sale of 1.45 Acre Development Lot in Georgetown, Kentucky

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Georgetown, KY - Al Isaac, President of NAI Isaac, recently facilitated the sale of 1.45 acres to Clark Central, LLC. The development lot, located at the corner of Cherry Blossom Way and I-75 at Exit 129 and adjacent to Quality Inn, will soon be home to a new Clark's Pump-N-Shop. Founded in Westwood, KY, Clark's Pump-N-Shop operates over 67 convenience store locations throughout Kentucky, Ohio, West Virginia, and Florida. For more information on Clark's Pump-N-Shop, visit their website.       Contact NAI Isaactoday for your commercial real estate requirements in Kentucky and around the world through the NAI Global network.

NAI Isaac Assists Buff City Soap in Expanding into Central Kentucky

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Lexington, KY - Paul Ray Smith, Executive Vice President and Zach Smith, Associate of NAI Isaac announce the expansion of Buff City Soap into the Central Kentucky area.  A total of 4 new locations are set to open in Lexington, Frankfort, and Georgetown with more on the way.  The new locations are: 120 Marketplace Cir., Suite 120A, Georgetown, KY2337 Sir Barton Way, Lexington, KY2450 Nicholasville Road, Lexington, KY1303 US Hwy 27 South, Suite 108, Frankfort, KY Founded in 2013, each Buff City Soap store offers more than 30 customizable scents across dozens of handcrafted soap products, including soap bars, bath bombs, foaming hand soap, and laundry soap. "NAI Isaac looks forward to working with Buff City Soap as they continue to expand throughout Central and Eastern Kentucky." says Paul Ray Smith, Executive Vice President.  For more information on Buff City Soap, visit their website.  
  Contact NAI Isaac today for your commercial real estate requirements in Kentucky and around…

Receiverships - An Essential Service During Challenging Times

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As a financial or legal executive, you may find yourself faced with making decisions on how to best protect distressed commercial real estate assets. To maintain compliance and ensure diligence is conducted, lenders and servicers often rely on professionals well-versed in the Receivership process. Commercial Property Receivership experts provide essential skills and services that can assist to minimize losses, preserve property values, and avoid unnecessary risks.
    NAI Isaac’s top three tips for navigating the Receivership process are: Receivership professionals should be able to customize a service plan tailored to your asset.  The Receivership process often contains nuances that need to be considered when working to minimize loss and stabilize value.Receivership professionals should be able to assemble an experienced team that can manage, maintain, and protect a property’s value. NAI Isaac can accomplish this by utilizing our in-house teamof proper…

NAI Isaac Promotes Ian Scott to Facilities Services Coordinator

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NAI Isaac promotes Ian Scott, CRTMNT, to Facilities Services Coordinator. Scott is a member of the company's Property Management Department.  As the Facilities Services Coordinator, he facilitates the management and completion of maintenance projects, oversees vendor relationships, ensures all tenant maintenance requests are addressed and resolved, and manages regularly scheduled inspections for the companies managed properties portfolio. He has been a member of the NAI Isaac team since March 2018. Scott has attended the University of Cincinnati, Bluegrass Community and Technical College, and the University of Kentucky, completing degrees in Theater, Psychology, and Social Sciences. He has also obtained the IREM Maintenance and Risk Management certification. He currently resides in Versailles with wife, Cortney and his daughter, Charli. 

NAI Isaac Welcomes Jonathan Keller to the Team

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NAI Isaac is pleased to welcome Jonathan Keller, Property Support Specialist, to the team.  Keller joins NAI Isaac with a broad range of construction, service industry, and information technology management experience. Prior to joining the NAI Isaac team, Keller worked as the construction manager for Breakout Games, as an IT manager and as a property manager in the Lexington, Kentucky area. Keller is responsible for facilitating property management tenant and vendor relationships and supporting the company's IT initiatives.

NAI Isaac Brokers Lease of 3,800 SF Freestanding Restaurant in Winchester, Kentucky

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Winchester, KY - Bruce Isaac, SIOR, CCIM, Senior Vice President and Jim Kemper, Vice President of NAI Isaac and Ben Dulman with Excess Space Retail Services, Inc. recently represented Bojangles' Restaurant in a lease termination for a 3,800 SF property located at 100 Hospital Drive in Winchester, KY.  The space was subsequently listed by NAI Isaac and leased to Cook Out Restaurants.  Cook Out offers homemade hamburgers, barbeque and milkshakes to customers around the United States.  This will be their ninth location in Kentucky and their first in Winchester. They are anticipated to open by the end of 2020.  For more information on Cook Out, visit their website.