NAI Isaac - Central KY Commercial Real Estate Blog

In Chief Executive’s annual survey of best and worst states for business, conducted January 2010, 651 CEOs across the U.S. graded the states. The business leaders were asked to draw upon their direct experience to rate each state in three general categories: taxation and regulation, quality of workforce and living environment. Within each category respondents graded states in five subcategories, as well as ranking each in terms of its importance to the respondent and how individual states measure up. See where Kentucky ranks: http://www.chiefexecutive.net/Media/BestAndWorstStates/2010/StateDetails.aspx?State=Kentucky To view the full report: bit.ly/bestworstbus2010

NAI Isaac brokered the sale of 701 Allenridge Point in North Lexington. The 17,776 square foot facility on 1.08 acres was purchased by the Fraternal Order of Plumbers and Steamfitters, Inc. of Lexington. Bruce R. Isaac, SIOR, CCIM, Senior Vice President and Chad Voelkert, Senior Associate of NAI Isaac Commercial Properties represented the Seller, LRG Properties, LLC. Peter Barr of Haymaker Bean, represented the Buyer.

NAI Isaac Commercial Properties announced the lease of a 30,000 SF retail building. The building is located at 101 Marsh Kay Drive in Richmond, KY and was leased to a firm who is consolidating and expanding within the Richmond market. The lease was arranged by Paul Ray Smith and Jim Kemper of NAI Isaac.

Sports Zone will be expanding and relocating within the Berea market to the Prince Royal Plaza shopping center. The grand opening for Sports Zone’s new location is slated for the first of June. This indoor sports complex offers batting cages, archery, game rooms and more. For more information, visit their website at www.bereasportszone.com. Located at 120 Prince Royal Drive, off US 21 near I-75, Prince Royal Plaza is fully leased and anchored by Goodwill and Dollar General. Paul Ray Smith, Executive Vice President of NAI Isaac Commercial Properties, worked with the Landlord, and the tenant to secure the lease.