NAI Isaac January 2015 Lexington Kentucky
Thanks to the enthusiastic team at NAI Isaac in Lexington, Kentucky for sharing their 2014 Year End Market survey, as well as their recent hirings and closed deals. This a great amount of work to assemble all of this content and we appreciate the contribution that NAI Isaac makes to the tBL Blog. The new is now being consolidated on a per company, per month news summary as to give us more room for original blog content, as well as our member news. We are trying to work through how to keep our members informed, educated, and entertained, but also permit our members to celebrate the changes they make, the progress and the closed deals too. We truly appreciate your feedback.
NAI Isaac Releases Lexington, KY CRE 2014 Year End Market Report
NAI Isaac Commercial Properties’ 2014 year end 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 Brokers Restaurant Ground Lease at Barren River Plaza
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 Welcomes At Your Service Insurance to North Park Marketplace
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.
NAI Isaac Expands Staffing Resources
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.
Brenda Williams, Receptionist
Brenda joins the NAI Isaac team with more than 15 years of Administrative experience in Kentucky elementary schools. Her responsibilities include greeting visitors, managing the company’s phone system, database administration and providing administrative support services to NAI Isaac’s agents and property managers.
She is a graduate of Paintsville High School and has attended continuing education courses in word processing, database compilation and spreadsheets. She is a certified Para-Educator for the state of Kentucky and is proficient in Microsoft Excel, Word and PowerPoint.
NAI Isaac Brokers Sale of 1006 Ace Drive in Berea, KY
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.
NAI Isaac Brokers Sale of Conway Court Property
NAI Isaac recently brokered the sale of an 8,820 sf industrial property located at 450 Conway Court in Lexington, Kentucky. The property was owned by SCM Properties, Inc. and sold to Republic Services, a residential and commercial waste management and recycling company. Bruce Isaac, SIOR, CCIM, Senior Vice President of NAI Isaac Commercial Properties represented the buyer during the sale negotiations and was the sole broker in the transaction.