Lexington Shopping Center Sold, Upgrades Planned

New owners to refresh French Quarter Square with paint, landscaping, and lighting updates.

Apr. 10, 2026 at 7:21pm

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A photorealistic studio still life featuring a collection of polished, geometric objects arranged on a clean, monochromatic background, symbolizing the modernization and investment in commercial real estate.A high-end studio still life captures the premium materials and elegant design elements that will define the upcoming upgrades to the French Quarter Square shopping center in Lexington.Lexington Today

A 37,490-square-foot retail and office center in southeast Lexington, French Quarter Square, has been sold for $8.5 million. The new owners plan to upgrade the property this summer with a fresh coat of paint, landscaping improvements, and lighting enhancements. The shopping center will continue to be managed by the Lexington-based commercial real estate firm NAI Isaac, which represented the seller in the transaction.

Why it matters

The sale and planned upgrades to French Quarter Square reflect ongoing changes in Lexington's commercial real estate landscape, as property owners invest in refreshing older retail and office spaces to attract new tenants and customers. The center's location off New Circle Road makes it a prime spot for businesses seeking visibility and access.

The details

French Quarter Square was sold by RBHV Lexington LLC, which had owned the property since 2007. The new buyer was represented by Eli Mashni, a broker with KW Commercial. In addition to a fresh coat of paint, the new owners plan to enhance the landscaping and lighting at the shopping center this summer. Recent new tenants at French Quarter Square include a Playa Bowls location, a hot yoga studio, and a personal training facility.

  • The sale of French Quarter Square closed in April 2026.
  • Upgrades to the property are planned for the summer of 2026.

The players

NAI Isaac

A Lexington-based commercial real estate brokerage and management services firm that represented the seller in the French Quarter Square transaction and will continue to manage the property.

Eli Mashni

A broker with KW Commercial who represented the buyer in the French Quarter Square sale.

RBHV Lexington LLC

The previous owner of French Quarter Square, which had purchased the property in 2007.

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What they’re saying

“Though the property is changing owners, it will continue to be managed by NAI Isaac, a Lexington-based commercial real estate brokerage and management services firm.”

— Eli Mashni, Broker, KW Commercial

What’s next

The new owners plan to begin the property upgrades at French Quarter Square in the summer of 2026, with a focus on refreshing the paint, landscaping, and lighting.

The takeaway

The sale and planned improvements to French Quarter Square demonstrate the ongoing evolution of Lexington's commercial real estate market, as property owners invest in refreshing older retail and office spaces to attract new tenants and customers. The center's strategic location off a major thoroughfare makes it an attractive option for businesses seeking visibility and access.