NAI Isaac - Central KY Commercial Real Estate Blog

NAI Isaac brokered the sale of 1031 Wellington Way, Suite 260 to Gnas Rentals, LLC. The property is located just off Harrodsburg Road behind the Palomar Centre in Lexington. Bruce Isaac, SIOR, CCIM, Senior Vice President and Jim Holbrook, Associate, NAI Isaac Commercial Properties represented the Seller and Maria Gnas with Keller Williams represented the Buyer.

Dr Fitness Systems is relocating to 2428 Palumbo Drive. Dr Fitness Systems offers individual and group personal training and ground-breaking exercise classes. Dr Fitness Systems is slated to open January 2013. For more information, visit www.drfitnessystems.com . 2428 Palumbo Drive is located in Southeast Lexington near New Circle Road. NAI Isaac’s Bruce Isaac, SIOR, CCIM, Senior Vice President and Chad Voelkert, Senior Associate represented the Landlord and Ed Richardson with the Gibson Company worked with the Tenant to secure the lease.

Southern Rays Tanning will open its first Nicholasville location in the Orchard Center. Southern Rays Tanning is locally owned and operated for more than 15 years. Southern Rays Tanning is slated to open January 2013. Located at 976 North Main Street, the Orchard Shopping Center is now 100% fully leased and anchored by Nicholasville Furniture and Dollar General. Chad Voelkert, Senior Associate of NAI Isaac Commercial Properties, represented the Landlord and Jim Kemper, Vice President of NAI Isaac Commercial Properties represented the Tenant to secure the lease.

NAI Isaac brokered the sale of 1088 Wellington Way to CS Design, Inc. The property is located just off Harrodsburg Road behind the Palomar Centre in Lexington. Bruce Isaac, SIOR, CCIM, Senior Vice President and Jim Holbrook, Associate, NAI Isaac Commercial Properties handled the transaction.

NAI Isaac is pleased to announce the relocation of Premier Athletics to 1850 Bryant Road in Hamburg. Premier Athletics is a cheerleading/gymnastics gym. For more information visit www.premierathletics.com . 1850 Bryant Road is located at the Hamburg Exit of I-75 off Man O’ War Blvd. The 101,000 SF building on 7 acres is home to Monkey Joe’s, PackRat and The Flooring Gallery. Al Isaac, President and Bruce Isaac, SIOR, CCIM, Senior Vice President of NAI Isaac Commercial Properties represented the landlord, 1850 Bryant Road, LLC, and Abel Rosa and Ann Triplett represented the tenant, Varsity Spirit Corporation d/b/a Premier Athletics, in the lease negotiations.

Paul Ray Smith, Jr, Executive Vice President of NAI Isaac Commercial Properties has been appointed the receiver for Turfland Mall in Lexington and the Shops at Bashford in Louisville. Turfland Mall is a 350,000 SF retail center located within the Harrodsburg Road corridor in South Lexington and the Shops at Bashford is a 30,000 SF shopping center adjacent to Target on Bardstown Road in Southeast Louisville. NAI Isaac will provide management services and stabilize the properties operations. “We look forward to improving the operations of these properties and preserving the asset value”, states Paul Ray Smith, Jr. The appointment was awarded based on NAI Isaac’s ability to rapidly assume management responsibilities and implement its Strategic Asset Optimization Process. In recent years, NAI Isaac has been entrusted as a court-appointed receiver on various troubled projects involving assets with a total loan value in excess of $100,000,000.