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Fully Leased New Circle Crossings Mixed-Use Property Available for Sale on Ten-X Platform
Ten-X partnering with Equity Management Group to sell Class-A, 67,700-square-foot asset in Lexington, Ky., market

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.

For more information, please click here, call 844-694-4976 or call Jason Taylor at Equity Management Group at (502) 472-7546 or jtaylor@equity-management.com.

 

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About Ten-X

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.

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