Showing posts from October 18, 2020
Richmond, KY - Paul Ray Smith, Executive Vice President and Zach Smith, Associate of NAI Isaac recently assisted the owner of 136 N. Keeneland Drive in securing a new lease. The property, formerly occupied by Frisch's Big Boy restaurant, has been leased to El Charro Texano Mexican Restaurant. El Charro Texano will offer dine in, carry-out, and drive-thru pick-up options to customers throughout Central Kentucky. They are slated to open December 2020. Contact NAI Isaac today for your commercial real estate requirements in Kentucky and around the world through the NAI Global network.
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NAI Isaac has over 33 years of experience in Commercial Real Estate (CRE) best practices. The company’s professionals have the skills and experience to successfully handle any Real Estate challenge, including the Receivership process. Receivership can take the form of (1) Property Management leading up to a foreclosure sale and (2) Property Management as an alternative to foreclosure while real estate collateral is being marketed. Often, Receivers are appointed at the request of a lender to safeguard a property and rents if an owner stops making mortgage payments. In each situation, the Receiver is a neutral, legally appointed professional entrusted to manage the real estate collateral’s operations and finances until it is sold. One example of a successful Receivership process is Chase Tower, located at 201 East Main Street in Lexington, Kentucky. Built in 1973, Chase Tower remains foundational to Lexington’s Central Business District (CBD) and has been for more than 47 yea