NAI Isaac Completes Sale of Lexington CBD Development Property - New Owners Plan Property's Future

Plans to demolish and rebuild a signature downtown location have created a buzz around Lexington.  NAI Isaac recently sold +/-0.3795 acres located at 367-375 East Main Street and 107-111 Eastern Avenue to local developers who plan to construct a new 5-story mixed use building.  Per the development plan, the first floor will house a bank and the second through fifth floors will house 24 two-bedroom condominiums. The building will also feature a rooftop garden and recreation area.  Plans for a two-story parking garage are also underway.

Developers worked with CMW, Inc. to create the building's concept known as vintage modern.  The building's design will fuse historic architectural touches with modern features to create a building that has the aesthetics of the historic downtown "look" and the convenience of modern design.  According to new owner developer Jeff Morgan, only two floors remain available.  All other spaces have commitments.  For more details concerning Lexington's latest downtown development, check out this article from the Lexington Herald-Leader. 

Al Isaac, President, Bruce Isaac, SIOR, CCIM, Senior Vice President and Jamie Adams, LEED AP, Senior Associate represented the Owner during the sale transaction.  Tyce McCullough with Rector Hayden assisted the Buyer.



Comments

Post a Comment

Popular posts from this blog

Wingstop Joining Tates Creek Centre!

Image
Lexington, KY -  NAI Isaac, a full-service commercial real estate brokerage and property management firm, facilitated the lease of Wingspot at Tates Creek Shopping Centre - 4101 Tates Creek Centre Drive, Lexington, Kentucky. This makes one of the first Wingstop locations in the Lexington market! Paul Ray Smith, Jr., Executive Vice President, J.L. Cannady, Vice President, and Zach Smith, Senior Associate, at NAI Isaac, represented the Landlord. Casey Smallwood of SRS Real Estate Partners represented the Tenant.  Tates Creek Shopping Centre  is a 196,028 SF Kroger-anchored center, well-positioned within a highly desirable trade area with strong residential support and a quality tenant mix of retail, restaurant, and service tenants. Some of those tenants include Walgreen's, Proof Fitness, Pet Supplies Plus, and Kroger Fuel, Wine & Spirits, Drive-thru Pharmacy and ClickList. Wingstop  is a fast-casual restaurant chain specializing in chi...
Read more

NAI Isaac Announces the Sale of Whitesburg Plaza!

Image
  Whitesburg, KY  - NAI Isaac announces the sale of  Whitesburg Plaza on State Highway 2034 in Whitesburg, Kentucky.   Bruce Isaac, SIOR, CCIM, Senior Vice President, at NAI Isaac, represented the Seller. The Buyer was represented by Stan Falk with Lee and Associates Cincinnati.  Whitesburg Plaza  is a 111,122 SF community shopping center which serves the trade area of Letcher County. The center is anchored by Walmart and Price Less Foods. Other tenants include Auto Zone, Cricket Wireless, Rent-A-Center, Little Caesars, H & R Block, Members Choice Credit Union, Reflections Hair Salon, Jumbo House Chinese Restaurant, TVs Cable, and Appalachian Wireless. 
Read more

NAI Isaac Welcomes Naz's Halal Food to HUB Limestone in Lexington, Kentucky

Image
  Lexington, KY -  NAI Isaac, a full-service commercial real estate brokerage and property management firm, facilitates the lease to Naz's Halal Food at  685 South Limestone, Lexington , KY. John P. Miller, Assistant Vice President, and Zach Smith, CCIM, Senior Associate, at NAI Isaac, represented the Landlord. Naz's Halal Food  was founded in 2009 by cousins Naz and Kareem, both former public school teachers, with a passion for bringing authentic NYC halal food to communities. What began as a dream to offer great halal food quickly evolved into a family-driven journey that now boasts over 40 locations across the country. Each Naz's Halal Food store is locally owned and operated by families from the community, creating a personal connection with the neighborhoods they serve. The menu at Naz’s Halal includes a wide variety of dishes, such as chicken or lamb over rice, gyros, burgers, wings, and a selection of diverse desserts, offering something for everyone. Now...
Read more