Thursday, March 8, 2012

Paul Ray Smith, Jr. of NAI Isaac Appointed ICSC 2012–2013 State Operations Chair

NAI Isaac Commercial Properties announced today that the International Council of Shopping Centers (ICSC) has appointed Paul Ray Smith as ICSC 2012 – 2013 State Operations Chair for a one-year term beginning May 20, 2012. In this volunteer role, Smith will represent the interests of owners, developers, investors, marketers and other retail specialists across the state of Kentucky. “ICSC is delighted to welcome Paul Ray Smith into this new leadership role,” said Anne Kilcoyne, of NAI Isaac, Kentucky State Director. “His enthusiasm and willingness to contribute to the success of ICSC and the retail real estate industry will be of great benefit to our growing membership in Kentucky.” Smith served as 2011 – 2012 ICSC State Retail Chair and is actively involved in the 2012 TN/KY Idea Exchange Planning Committee. He has been an active participant in the annual ReCon Leasing Convention for the past 25 years. As Executive Vice President of NAI Isaac, Smith has been a licensed real estate associate since 1985 and specializes in the leasing, sales and management of retail, office and industrial properties throughout Lexington, Central and Southeastern Kentucky.
About ICSC: Founded in 1957, ICSC is the premier global trade association of the shopping center industry. Its more than 55,000 members in over 90 countries include shopping center owners, developers, managers, marketing specialists, investors, retailers and brokers, as well as academics and public officials. As the global industry trade association, ICSC links with more than 25 national and regional shopping center councils throughout the world. For more information, visit

Wednesday, March 7, 2012

NAI Isaac Sells 517 W. Main to Investor

NAI Isaac brokered the sale of a 7,000+ SF condo at the 500s on Main development to CDHP Holdings, LLC. The Penguin Dueling Piano Bar leases the majority of the retail condo. The 500s on Main is an upscale retail/office development in Lexington’s Central Business District directly across from Lexington’s Convention Center, Rupp Arena, and Triangle Park. Al Isaac, President and Jamie Adams, Associate of NAI Isaac Commercial Properties, handled the transaction for the Seller, Fifth Third Bank.

Berea Shoppes Welcomes Ratta-tat Tattoo Shop

Ratta-tat tattoo shop will open mid-March in the Berea Shoppes at 219 Prince Royal Drive in Berea, KY. Located in Madison County, Berea Shoppes is centrally located just off the South Berea Interstate 75 interchange (Exit 76). Paul Ray Smith of NAI Isaac, worked with the Landlord to secure the lease.

Monday, March 5, 2012

New Insurance Agency coming to Regency Road

Richard McNeely will open an insurance agency at 2040 Regency Road in Lexington, KY. Paul Ray Smith and Jim Kemper of NAI Isaac, worked with the Landlord and Tenant to secure the transaction.
Kentucky Places 8th in Facilities Race - Site Selection's Governor's Cup ranks the 50 states according to their success in attracting capital investment projects that meet one or more of these three criteria: a minimum investment of $1 million, creation of 50 or more new jobs and new facility construction or floor space of at least 20,000 sq. ft. Read the full article: