LEXINGTON, Ky. – May 12, 2016 – Ten-X, the nation’s leading online real estate marketplace, announces the upcoming sale of New Circle Crossings, a fully leased and renovated retail/office/industrial building in Lexington, Kentucky, available on the Ten-X Commercial online platform. Ten-X is working with Equity Management Group, Inc., to offer New Circle Crossings to investors in a live bid event May 16-18.
New Circle Crossings benefits from its Lexington location, a market that is landlocked from further expansion and is experiencing appreciating land values. Numerous retail investments are also in the works in the direct submarket in order to meet pent-up demand.
Located at 130 West New Circle Road and 134 West New Circle Road, the 67,700-square-foot property is being sold by a local individual investor. It is the regional corporate headquarters for Windstream Corp. (NASDAQ: WIN), which occupies approximately 62,000 square-feet (approximately 40,000 square-feet of office space and 22,800 square-feet of warehouse space), while Mattress Overstock occupies the remaining 4,900 square feet on a gross lease.
“New Circle Crossings presents an opportunity to invest in a property with stabilized income and a value-add component in a region that is currently very favorable for investors,” said Ten-X Commercial Real Estate Division General Manager Gordon Smith. “This is a high-performing office, retail and warehouse property that will meet the demands of investors seeking high-quality real estate on the proven Ten-X platform.”
The 1967-built New Circle Crossings was renovated in 2004 and again in 2014. It has high visibility and convenient access to Interstate 75 and is also surrounded by national retailers.
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Ten-X is the nation’s leading online real estate marketplace and the parent to Ten-X Homes, Ten-X Commercial and Auction.com. To date, the company has sold 200,000+ residential and commercial properties totaling more than $37 billion. Leveraging desktop and mobile technology, Ten-X allows people to safely and easily complete real estate transactions entirely online. Ten-X is headquartered in Irvine and Silicon Valley, Calif., and has offices in key markets nationwide. Investors in the company include Google Capital and Stone Point Capital. For more information, visit Ten-X.com.