Friday, November 16, 2012

NAI Isaac Brokers the Sale of Wellington Place Office Condo



NAI Isaac brokered the sale of 1088 Wellington Way to CS Design, Inc. The property is located just off Harrodsburg Road behind the Palomar Centre in Lexington. Bruce Isaac, SIOR, CCIM, Senior Vice President and Jim Holbrook, Associate, NAI Isaac Commercial Properties handled the transaction.



Monday, November 12, 2012

NAI Isaac Welcomes Premier Athletics to Hamburg Area

NAI Isaac is pleased to announce the relocation of Premier Athletics to 1850 Bryant Road in Hamburg. Premier Athletics is a cheerleading/gymnastics gym. For more information visit www.premierathletics.com.

1850 Bryant Road is located at the Hamburg Exit of I-75 off Man O’ War Blvd. The 101,000 SF building on 7 acres is home to Monkey Joe’s, PackRat and The Flooring Gallery. Al Isaac, President and Bruce Isaac, SIOR, CCIM, Senior Vice President of NAI Isaac Commercial Properties represented the landlord, 1850 Bryant Road, LLC, and Abel Rosa and Ann Triplett represented the tenant, Varsity Spirit Corporation d/b/a Premier Athletics, in the lease negotiations.





NAI Isaac Commercial Properties Appointed Receiver of 2 Shopping Centers in Kentucky

Paul Ray Smith, Jr, Executive Vice President of NAI Isaac Commercial Properties has been appointed the receiver for Turfland Mall in Lexington and the Shops at Bashford in Louisville. Turfland Mall is a 350,000 SF retail center located within the Harrodsburg Road corridor in South Lexington and the Shops at Bashford is a 30,000 SF shopping center adjacent to Target on Bardstown Road in Southeast Louisville.

NAI Isaac will provide management services and stabilize the properties operations. “We look forward to improving the operations of these properties and preserving the asset value”, states Paul Ray Smith, Jr. The appointment was awarded based on NAI Isaac’s ability to rapidly assume management responsibilities and implement its Strategic Asset Optimization Process. In recent years, NAI Isaac has been entrusted as a court-appointed receiver on various troubled projects involving assets with a total loan value in excess of $100,000,000.