Picture1

The Palomar Group Facilitates Sale of North Park Marketplace in Lexington, KY

August 6, 2025 | Palomar Group

The Palomar Group is pleased to announce the successful sale of North Park Marketplace, a
46,647-square-foot Walmart shadow-anchored retail center located at 524 W New Circle
Road in Lexington, KY. Built in 2000 and currently 96% occupied, the property is anchored
by Ross and features a strong lineup of national tenants, offering stable in-place income and
long-term upside in a high-traffic corridor of central Kentucky.

The asset was acquired by a national DST group, with the seller being an affiliate of Yale
Realty Services. The transaction closed on July 23, 2025, and marks another successful retail
disposition facilitated by The Palomar Group.

“We want to thank the seller for trusting us to handle the sale of North Park. We are pleased
that we were able to find a quality buyer for the asset,” said Steve Collins, Partner at The
Palomar Group. “Kentucky is a state we continue to see high interest from buyers, and this
deal is a great example of the momentum we’re seeing in markets across the Southeast.”

“This transaction was a success thanks to Steve’s hands‑on involvement throughout the
process,” said Luke Gorz, Executive Vice President of Yale Realty Services. “The Palomar
Group’s market knowledge and strong relationships were essential in identifying the right
buyer and ensuring a smooth closing.”

About The Palomar Group
Headquartered in Augusta, GA, The Palomar Group is a full-service commercial investment
sales firm specializing in the sale of single-tenant, multi-tenant, and multifamily properties
across the United States. With a proven track record of over $1.5 billion in transactions
spanning 19 states and more than 14 million square feet, The Palomar Group is committed
to delivering exceptional results through data-driven strategies, deep market knowledge,
and a client-first approach.

Properties Currently Available