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PROFESSIONAL VITAE
James M. Schrader is the owner of Schrader Commercial
Properties, LLC, a full service commercial real estate firm
specializing in property sales, leasing, tenant
representation and property management in the Lexington, KY
market. Prior to establishing Schrader Commercial
Properties, he worked as the senior broker for another one of the largest commercial real estate
firms in Lexington. Due to the complexity and nature of
the commercial real estate transactions that the firm is
involved in, Schrader interacts regularly and effectively
with planning commission members and staff, attorneys
involved in zoning matters, engineers, bankers and all other
professionals involved in the sale and development of
commercial properties.
Mr. Schrader is also active as a
consultant on zoning cases in Lexington, KY and has worked
on numerous consulting assignments in commercial real estate
and banking.
Professional Activities
Mr. Schrader is a past President and
a long-time board member of the Commercial Property
Association of Lexington, an association of real estate
investors and professionals that meet regularly to discuss
real estate markets, new properties under development,
economic factors affecting Lexington and general conditions
of the Lexington commercial real estate market. Schrader
also serves on the Board of Directors of Century Bank, a
Lawrenceburg, KY bank that he provided consulting services
for during its start-up in 2000.
Civic activities include involvement
as the Treasurer of Maxwell Street Presbyterian Church,
former Board Member and former Treasurer of the St. Joseph
Foundation and a member of the Lexington Rotary Club.
Representative Transactions
1. In September 2007, Schrader represented Meyers
Building, LLC in its acquisition of the Meyers Building, a
45,000 square foot downtown office building. Schrader
Commercial Properties now manages and leases the building.
Sales Price: $3,800,000.
2.
In 2006 and 2007, Schrader represented Allene
Hatfield in the sale of her 169.89 acre farm located on
Walnut Grove Lane near Greenbriar subdivision. This case involved a
determination of value and asking price, complex
negotiations and a zone change of the property. The
approval of the development plan was initially objected to
by neighbors and the approval process complex. Sale
Price: $3,824,790.
3. Schrader Commercial represented Southcreek
Properties in October 2007, in its sale of the Farmer's Bank
Building in Georgetown, KY. Sale Price: $2,350,000.
4. In 2007, represented Georgetown Cable on
the sale of its 65,000 square foot industrial plant in
Georgetown. Sale price $990,000. This was a difficult
property to market and Schrader worked in conjunction
with a national
auctioneer on the sale of the property.
5. In September 2007, represented Jimbomar Partners in
the sale of U-Store-It warehouses on E. 7th St.
Sale Price: $1,380,000
6. In 2008, represented Thermal Equipment Sales in its
acquisition of corporate headquarters at 680 Bizzell Dr,
Sale Price: $800,000.
7. Worked in conjunction with Jim Halfhill Auctioneer
to auction the Kingsley Equipment Company property on
Leestown Road. Sale Price: $488,000
8. In November 2006, represented CRM Companies in the
acquisition of the Good Samaritan Building.
Sale Price: $1,007,000.
Consulting Assignments
1.
In 1999 and 2000, Schrader acted as the managing
partner of J & J Management, a consulting firm that was
involved in all facets of starting and obtaining a charter
for a state regulated commercial bank in Lawrenceburg, KY.
The bank, known as Century Bank, successfully raised over
$5.2 million in capital and opened on July 5, 2000. J & J
Management conducted an executive search for the bank’s
Chief Executive Officer, coordinated all phases of the
charter application process, worked with regulators,
coordinated accounting and legal services and provided
counsel regarding all major decisions related to the startup
of the bank. Century Bank is now the second largest bank in
Anderson County and is a profitable venture with over $100
million in total assets. He continues to be involved with
Century Bank as a shareholder and member of the Board of
Directors.
- Expert witness related to
rezoning of 30 acres of Patchen Wilkes Farm on
Winchester Road from Agricultural to Neighborhood
Business. This was a complex zoning case that was
contested and involved approvals that were against the
initial recommendation of the Planning Commission Staff.
- Expert witness on behalf of
Quantrell Cadillac in a zoning matter on Young Drive
rezoning the property from P-1 to B-4 zoning.
- In 2005, provided consulting
services to the President of Beazer Homes related to
available land parcels in Lexington, market values for
commercial land and suitability of land tracts for
future potential development.
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