NAI Isaac - Central KY Commercial Real Estate Blog

NAI Isaac Commercial Properties announced today that the International Council of Shopping Centers (ICSC) has appointed Paul Ray Smith as ICSC 2012 – 2013 State Operations Chair for a one-year term beginning May 20, 2012. In this volunteer role, Smith will represent the interests of owners, developers, investors, marketers and other retail specialists across the state of Kentucky. “ICSC is delighted to welcome Paul Ray Smith into this new leadership role,” said Anne Kilcoyne, of NAI Isaac, Kentucky State Director. “His enthusiasm and willingness to contribute to the success of ICSC and the retail real estate industry will be of great benefit to our growing membership in Kentucky.” Smith served as 2011 – 2012 ICSC State Retail Chair and is actively involved in the 2012 TN/KY Idea Exchange Planning Committee. He has been an active participant in the annual ReCon Leasing Convention for the past 25 years. As Executive Vice President of NAI Isaac, Smith has been a licensed real estate...

NAI Isaac brokered the sale of a 7,000+ SF condo at the 500s on Main development to CDHP Holdings, LLC. The Penguin Dueling Piano Bar leases the majority of the retail condo. The 500s on Main is an upscale retail/office development in Lexington’s Central Business District directly across from Lexington’s Convention Center, Rupp Arena, and Triangle Park. Al Isaac, President and Jamie Adams, Associate of NAI Isaac Commercial Properties, handled the transaction for the Seller, Fifth Third Bank.

Ratta-tat tattoo shop will open mid-March in the Berea Shoppes at 219 Prince Royal Drive in Berea, KY. Located in Madison County, Berea Shoppes is centrally located just off the South Berea Interstate 75 interchange (Exit 76). Paul Ray Smith of NAI Isaac, worked with the Landlord to secure the lease.

Richard McNeely will open an insurance agency at 2040 Regency Road in Lexington, KY. Paul Ray Smith and Jim Kemper of NAI Isaac, worked with the Landlord and Tenant to secure the transaction.

Kentucky Places 8th in Facilities Race - Site Selection's Governor's Cup ranks the 50 states according to their success in attracting capital investment projects that meet one or more of these three criteria: a minimum investment of $1 million, creation of 50 or more new jobs and new facility construction or floor space of at least 20,000 sq. ft. Read the full article: http://www.siteselection.com/issues/2012/mar/cover.cfm

Sleep Outfitters will open its first Glasgow, KY store in the Barren River Plaza. The 3,000 square foot showroom will open in late spring of 2012. With 245,000 square feet, Barren River Plaza is the largest retail shopping center in the market. Sleep Outfitters will join Goody’s, Burke’s Outlet and TJ Samson Community Hospital Health Pavilion. Glasgow is in Barren County, in south-central Kentucky, about 90 miles southeast of Louisville and 90 miles northeast of Nashville. Paul Ray Smith and Jim Kemper of NAI Isaac, represented the Landlord and Cypress Property Group represented Sleep Outfitters.