LEXINGTON, KY - Not only is Kinko's/Fed Ex now in the process of a name change - to FedEx Office - the office services chain will soon relocate its downtown Lexington operations from 145 Rose Street to the nearby Main & Rose mixed-use complex.
"We have a signed lease with them and sometime around the beginning of the year they'll be moving into Main & Rose," said Phil Holoubek, president of Lexington's Real Estate Company (LRC) and developer of Main & Rose. Jenny Robertson, a FedEx Office spokesperson at company headquarters in Dallas, confirmed the move and said plans call for opening in the new location in early January.
Holoubek said Kinko's/FedEx is the type of business he wanted to locate at Main & Rose from the beginning. "They're an ideal retail user in that they have traffic coming and going all day long, but they never have a huge wave of traffic at any one time. From a building standpoint, it's great for the residents to be able to just pop downstairs to do their mailing, copying or whatever they need to do. From other retailers' standpoint, it's great for them because of the steady flow of traffic all day long, and from Kinko's standpoint it's great because it puts them into a higher visibility location on Main Street with easier in and out access. Instead of five or six or seven parking spaces, they'll now be sharing over 100 parking spaces."
Kinko's decision to vacate its Rose Street location could, in the end, turn out to be a big win for that building's owner as well as the city, Holoubek ventured. "This is one more site downtown that's on a very strong corner. It (Kinko's move) presents the possibility of it becoming higher density."
The 7300 square foot Rose Street space being vacated by FedEx Office is owned by Sadr Company, LLC. Farzin Sadr also owns the building on The Esplanade housing Natasha's Bistro.
Main & Rose offers 25,000 square feet of ground level retail space. The Kinko's move leaves 5,000 square feet yet to be filled. "In an ideal world, I'd like to get a retail store or a restaurant into that space," said Holoubek. Other business occupants of Main & Rose include Wachovia Bank, Dunkin' Donuts and Jimmy John's.