NAI Isaac - Central KY Commercial Real Estate Blog

NAI Isaac Commercial Properties' 2014 yearend review of commercial real estate activity in the Lexington metropolitan area provides a concise look at the occupancy/vacancy rates in retail, office and industrial categories as well as what is expected in 2015.  This report surveys Class A & B properties that are 10,000 square feet and larger.  NAI Isaac compiled and analyzed data on approximately 518 commercial properties representing over 32 million square feet of office, retail and industrial premises. Click to View Market Report

NAI Isaac assisted the buyer with the purchase of 1450 Cherry Blossom Way in Georgetown, Kentucky.  The buyer will open a Culver’s Restaurant, a Wisconsin 500+ store chain known for its Butterburgers and fresh frozen custard. The opening is scheduled for mid-2015.   Jim Kemper, Vice President and Bruce Isaac, SIOR, CCIM, Senior Vice President with NAI Isaac Commercial Properties represented Cherry Blossom Ventures, LLC and Tim Haymaker with Haymaker/Bean represented the seller.  For more information on Culver’s, visit their website at www.culvers.com .

NAI Isaac would like to welcome At Your Service Insurance to North Park Marketplace in Lexington, Kentucky.  This will be their third location in Lexington.  At Your Service Insurance offers independent insurance services to the greater Lexington area.   Jim Holbrook, Associate and Jamie Adams, LEED AP, Senior Associate with NAI Isaac Commercial Properties, represented the owner, Yale Lexington, LLC in the lease transactions.  

NAI Isaac recently brokered the ground lease of an outparcel at Barren River Plaza in Glasgow, Kentucky.  The building has been leased to Freddy’s Frozen Custard and Steak Burger and is scheduled to open during Summer 2015.  For more information about Freddy’s, visit their website at www.freddysusa.com . Paul Ray Smith, Executive Vice President and Jim Kemper, Vice President of NAI Isaac Commercial Properties represented the property owner, Barren River Project, LLC in the lease transaction.  Will Duncan and Todd Whitchurch with Duncan Commercial Real Estate represented the tenant, FFC Kentucky, LLC.  

NAI Isaac Commercial Properties recently welcomed two new staff members to its professional team.   The addition of these professionals will serve to enhance the company’s front office administration and its accounting department.  Below is a brief biography of each new employee. David Woods, MBA, MS, MAFM - Accounting Manager David joins NAI Isaac with over 20 years of experience in Corporate Finance, Capital Markets, Management Consulting, and Residential Real Estate Development.  Woods’ responsibilities include the management of daily and strategic operations of the company’s Accounting Department.  He is a graduate of the University of Kentucky with a  Bachelor of Arts in Economics, the University of Tulsa with a Master of Business Administration, the American Public University with a Master of Environmental Policy and Management, and the Keller Graduate School of Management with a Master of Accounting and Financial Management.   ...

NAI Isaac recently brokered the sale of a 3,370 sf office property located at 1006 Ace Drive in Berea, Kentucky.  The property was owned by ROR, LLC and sold to Pippa Passes Ventures, LLC.  Jamie Adams, LEED AP, Senior Associate and Jim Holbrook, Associate of NAI Isaac Commercial Properties represented the seller during this transaction.