Showing posts from January 13, 2013
Mosaic Massage Center is scheduled to open a new location in Clays Mill Plaza on February 1, 2013. Mosaic Massage Center offers a variety of pampering, rejuvenating, therapeutic massage and bodywork therapy. For more information visit http://www.mosaicsalonmassagecenter.com/ . Clays Mill Plaza is situated near the corner of Clays Mill Road and Keithshire Way. Bruce R. Isaac, SIOR, CCIM, and Jamie Adams, LEED AP, of NAI Isaac Commercial Properties represented the landlord and Jim Holbrook, of NAI Isaac Commercial Properties represented the tenant in the transaction.
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In-Rel Properties has acquired Chase Tower at 201 East Main, a 14-story, 240,000 sq. ft. office tower in Lexington’s CBD for $11,950,000. The purchase of Chase Tower is In-Rel's first foray into Lexington. The building's potential, coupled with the Lexington market, attracted In-Rel. “We are attracted to high IQ quotient markets like Lexington,” said Mukang Cho, Chief Executive Officer & Principal of In-Rel Properties. “We believe these demographics support a favorable long-term environment for job growth and investments in the office sector. And of course, the University of Kentucky has been a stable economic anchor for numerous years,” stated Cho. Built in 1973, Chase Tower had always boasted high occupancy rates and quality tenants, but took a hit with the re-alignment of JPMorgan Chase Bank’s regional headquarters in 2005. Still a property of stature in Lexington’s downtown, Chase Tower’s value remains strong. Cho further noted, “For the past 30 years, we have acq