NAI Isaac - Central KY Commercial Real Estate Blog

Annual Industry-wide Recognition Bestowed on the ‘Best of the Best’ in Commercial Real Estate Brokerage NAI Isaac Commercial Properties has been selected by CoStar Group, Inc. as a CoStar Power Broker Award winner, for being the “best of the best” in commercial real estate brokerage. The annual recognition program, now in its eighth year, spotlights the U.S. firms and individual brokers who closed the highest transaction volume in commercial property sales and leases during the 2009 calendar year. All awards are based on transaction data in CoStar’s commercial real estate information database. "The Power Broker Awards are a true testament to the success of the ‘best of the best’ in commercial real estate,” said CEO Andrew C. Florance. “We are proud to recognize and congratulate all the award winners for their remarkable sales and leasing success.” As the largest professional research organization serving the commercial real estate industry, CoStar is in a unique position to ...

America’s Mattress will open its 2nd retail store in the Lexington market in the former Lexington Billiards location at 1206 New Circle Road. The new storefront will feature over 3,500 square feet and is slated to open July 1st. America’s Mattress is a certified seller of Serta mattresses and has another location at Brannon Crossing. For more information on their services, visit www.americasmattress.com. Al Isaac and Madelon Cormney of NAI Isaac Commercial Properties represented the Landlord, DKJ Real Estate, LLC to secure the lease. Kevin Verhoven of The Gibson Company represented the tenant.

In Chief Executive’s annual survey of best and worst states for business, conducted January 2010, 651 CEOs across the U.S. graded the states. The business leaders were asked to draw upon their direct experience to rate each state in three general categories: taxation and regulation, quality of workforce and living environment. Within each category respondents graded states in five subcategories, as well as ranking each in terms of its importance to the respondent and how individual states measure up. See where Kentucky ranks: http://www.chiefexecutive.net/Media/BestAndWorstStates/2010/StateDetails.aspx?State=Kentucky To view the full report: bit.ly/bestworstbus2010

NAI Isaac brokered the sale of 701 Allenridge Point in North Lexington. The 17,776 square foot facility on 1.08 acres was purchased by the Fraternal Order of Plumbers and Steamfitters, Inc. of Lexington. Bruce R. Isaac, SIOR, CCIM, Senior Vice President and Chad Voelkert, Senior Associate of NAI Isaac Commercial Properties represented the Seller, LRG Properties, LLC. Peter Barr of Haymaker Bean, represented the Buyer.

NAI Isaac Commercial Properties announced the lease of a 30,000 SF retail building. The building is located at 101 Marsh Kay Drive in Richmond, KY and was leased to a firm who is consolidating and expanding within the Richmond market. The lease was arranged by Paul Ray Smith and Jim Kemper of NAI Isaac.

Sports Zone will be expanding and relocating within the Berea market to the Prince Royal Plaza shopping center. The grand opening for Sports Zone’s new location is slated for the first of June. This indoor sports complex offers batting cages, archery, game rooms and more. For more information, visit their website at www.bereasportszone.com. Located at 120 Prince Royal Drive, off US 21 near I-75, Prince Royal Plaza is fully leased and anchored by Goodwill and Dollar General. Paul Ray Smith, Executive Vice President of NAI Isaac Commercial Properties, worked with the Landlord, and the tenant to secure the lease.