NAI Isaac - Central KY Commercial Real Estate Blog

Paul Ray Smith, Executive Vice President of NAI Isaac Commercial Properties celebrates 30 years. Smith joined NAI Isaac as a leasing/sales associate in March 1987.  "Paul Ray has been an integral part of NAI Isaac's growth and productivity.  His experience and knowledge of Kentucky Commercial Real Estate has played a key role in our success throughout the years" says Al Isaac, President. Smith has extensive experience and market knowledge in the leasing, sales and management of office, retail and industrial projects including a strong track record of Landlord and Tenant Representation. Throughout his career with NAI Isaac, Smith has assisted local, regional and national tenants with site selection, evaluation and lease negotiation for multiple locations throughout Kentucky. Smith is an active member of the International Council of Shopping Centers (ICSC), NAI's Retail Council and other commercial real estate associations and organizations.  He and his wi...

Jim Kemper, Vice President of NAI Isaac Commercial Properties celebrates 26 years.  Kemper joined NAI Isaac in March 1991.  "Jim continues to play a significant role in the success of NAI Isaac.  His knowledge and expertise help us maintain the level of service our clients have come to expect." says Al Isaac, President. Kemper specializes in the sales and leasing of retail and office properties and tenant representation.  Throughout his career with NAI Isaac, Kemper has assisted local, regional and national tenants with site selection, evaluation and lease negotiation for multiple locations throughout Kentucky.    Kemper is a member of NAI and has been inducted into NAI's Gold Club multiple times.  The Gold Club is comprised of members who initiated and completed transactions of at least $1,000,000.  Kemper is also a member of the International Council of Shopping Centers (ICSC), the Kentucky Board of Realtors and NAI's Retail Council...

NAI Isaac Commercial Properties is pleased to announce the lease of 8,500 sf to Meiwa USA, Inc. at 124 Frazier Court in Georgetown, Kentucky. Meiwa USA, Inc. provides automotive robotics technology, industrial systems and machinery to clients throughout the United States. The company is relocating their US location from Erlanger to Georgetown and plan to open April 2017. For more information, visit their website. Bruce R. Isaac, SIOR, CCIM, Senior Vice President with NAI Isaac represented the Landlord during the lease transaction. Please contact NAI Isaac today for any of your commercial real estate needs in Lexington or throughout Kentucky!

NAI Isaac recently completed the sale +/-1.69 acres of development land located at 407 Cherry Blossom Way, at I-75/Exit 129 in Georgetown, Kentucky. The land was sold to a local development group who plans on constructing a hotel on the site.  Bruce R. Isaac, Senior Vice President and Jim Kemper, Vice President of NAI Isaac represented the Seller during the sale.  Multiple land listings are still available in Georgetown.  Please contact NAI Isaac today for any of your commercial real estate needs in Lexington or throughout Kentucky!

YEAREND 2016 The Lexington Kentucky commercial real estate market remained active during 2016 with notable vacancy decreases in Suburban and Central Business District (CBD) office sectors and vacancy increases in Retail and Industrial sectors. Suburban Office experienced the largest vacancy decrease with a decline of 23.4%, resulting in a vacancy rate of 10.51%. The CBD Office category experienced a 10% vacancy rate decrease, a positive indication for the downtown Lexington area. Leasing activity and market rental rates for all commercial sectors have remained steady throughout 2016. This report surveys Class A & B properties that are 10,000 square feet and larger. NAI Isaac compiled and analyzed data on approximately 528 commercial properties representing over 32 million square feet of office, retail and industrial premises. 2017 FORECAST  Leasing activity should continue to increase in the first two quarters of 2017 w...

NAI Isaac Commercial Properties recently negotiated the sale of a 3,864 SF office building located at 403 Marquis Avenue in Lexington, Kentucky. The facility was purchased by Meadowthorpe Mall, LLC who plan to occupy the property. Chad Voelkert, Vice President and Jamie Adams, CCIM, LEED AP, Senior Associate with NAI Isaac represented the Council on Licensure, Enforcement and Regulation, Inc. during the sale. Jason Taylor with Equity Management Group represented the Buyer. NAI Isaac has sale and leasing opportunities across the Central Kentucky area. Please contact us today for any of your commercial real estate needs!