The McMahan Group

What The McMahan Group does

The McMahan Group is a privately-held, family-owned commercial real estate company headquartered in Louisville, Kentucky, founded in 1955 by Mac McMahan and Skip McMahan. The company is currently owned by DiAnne Hutcherson and Rory F. McMahan. It provides a full spectrum of commercial real estate services including development, design/build construction, construction management, leasing, property management, asset management, and sale-leaseback transactions. Its portfolio includes millions of square feet of commercial space across multiple properties: Old Brownsboro Crossing (250,000+ sq. ft. Class A retail/office/medical campus), Westport Plaza, McMahan Plaza, McMahan Center (the first retail strip center built in Louisville, held by the family since 1955), Baptist Healthcare Breckenridge Lane (120,000 sq. ft. medical development), and the Chamberlain Woods office park development (101,200 sq. ft. of Class A medical/office space).

The company serves two primary customer segments: national retail and restaurant brands (Kroger, Cabela's, Lowe's, Costco, Darden Restaurants including Olive Garden and Longhorn Steakhouse, Wendy's, Chick-fil-A, Verizon, Fifth Third Bank, US Bank) and healthcare systems (Norton Healthcare, Baptist Healthcare), alongside local mom-and-pop tenants. Notable major capital projects include a $90 million Baptist Healthcare facility, a $20.5 million Norton Healthcare facility at a former Hikes Point Kmart site, and a $16 million Norton Children's campus. Revenue is generated through transaction fees (leasing commissions, sale-leaseback facilitation), recurring managed services (property/asset management), and one-time development and construction management engagements. Pricing is quote-based and not publicly disclosed.

The company operates through direct enterprise sales relationships, with Rory F. McMahan serving as Director of Property Management and Leasing handling tenant relationships. Its technology posture is traditional: no proprietary platform, software product, or AI/ML capabilities are described in public materials, with the website operated by a third-party web design firm. The McMahan Group does not have external investors, parent company affiliation, or disclosed funding rounds, and operates exclusively within the Louisville, Kentucky metropolitan area across all real estate categories.

Name

The McMahan Group

Legal name

The McMahan Group

Website

https://mcmahangroup.com

Company type

Private

Founded year

1955

Operating status

Operating

Headcount range

11–50 employees

Short description

The McMahan Group is a family-owned commercial real estate company founded in 1955 in Louisville, Kentucky, providing development, leasing, property management, construction management, and sale-leaseback services to national retail brands, healthcare systems, and local tenants across a portfolio of millions of square feet.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Services

SIC

Lessors Of Real Property, Nec (6519)

akta.pro primary industry

Property Management Advisory & Leasing Administration (FSAEAJAN)

Keywords

• Commercial property leasing
• Real estate development
• Property management services
• Retail real estate
• Medical office development

Headquarters

HQ city

Louisville

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Commercial Property Leasing: The company generates revenue through leasing commercial retail, office, and medical space to tenants. They represent landlords and developers in securing tenants for mixed-use developments, retail centers, and medical office buildings throughout the United States.
2. Property Management: With over 60 years of integrated property management experience and millions of square feet of maintainable space, the company provides property management services generating recurring management fees.
3. Real Estate Development: The company develops retail, mixed-use, and medical office properties, including ground-up construction and major redevelopments like the former Kmart site transformations.
4. Sale-Leaseback Transactions: The company facilitates sale-leaseback transactions allowing business owners to monetize real estate assets and redeploy capital while leasing back the property under long-term agreements.
5. Construction Management: Comprehensive construction management consulting services provided through experienced construction partners to ensure project success from concept to completion.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

The McMahan Group is a family-owned commercial real estate firm that develops, leases, and manages retail, medical office, and mixed-use properties in the Louisville, Kentucky metropolitan area. The company provides full-spectrum services including ground-up development, design/build construction, construction management, property and asset management, commercial leasing for landlords and tenants, and sale-leaseback transactions. Its portfolio includes millions of square feet of commercial space anchored by national retail brands (Kroger, Lowe's, Costco, Cabela's, Darden Brands) and major healthcare systems (Norton Healthcare, Baptist Healthcare).

Product overview

The McMahan Group is a commercial property leasing and sales company providing a full spectrum of services to landlords, tenants and investors. Their portfolio includes multiple commercial properties: Old Brownsboro Crossing (Class A retail, office, medical office, and health-care campus with 250,000+ sq. ft.), Westport Plaza, McMahan Plaza, McMahan Center, Baptist Healthcare Breckenridge Lane (120,000 sq. ft. medical facility), and Chamberlain Woods (development project with 101,200 sq. ft.). Services include development, design/build construction, construction management, property management, asset management, and sale-leaseback transactions.

Differentiator

Problem solved

Functional benefit

Products and services

• Old Brownsboro Crossing

Named customers19 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• Anchor Health Properties: Niche commercial real estate firm specializing in medical office development, leasing, and property management for healthcare systems. Comparable on healthcare real estate specialty and tenant relationship model, though operating on a broader geographic footprint.

Others

• Healthcare Realty Trust: Public REIT focused on outpatient medical facilities, including many properties anchored by major health systems. Comparable as a competitor for healthcare system development mandates and as a potential buyer/partner for McMahan's medical office assets.

Broad incumbents

• JLL (Jones Lang LaSalle): Global real estate services and investment management firm operating across the U.S., including healthcare and retail specialty practices. Broad incumbent competing for the same enterprise healthcare and retail tenant relationships McMahan serves.
• CBRE Group: Global commercial real estate services firm with a substantial Louisville and Kentucky presence. Broad incumbent competing across leasing, property management, capital markets, and healthcare real estate with materially greater scale and proprietary technology investment.
• Cushman & Wakefield: Global commercial real estate services firm with strong healthcare and retail practice groups. Broad incumbent competing for the same healthcare system and national retailer mandates that drive McMahan's development pipeline.
• Colliers International: Global commercial real estate services firm with U.S. operations covering brokerage, property management, and project management. Broad incumbent competing in retail and healthcare real estate with overlapping Kentucky presence.

Regional players

• Easterly Government Properties: Real estate company focused on developing and leasing Class A commercial properties to U.S. government and healthcare-adjacent tenants. Comparable to McMahan's healthcare-anchored development strategy, though operating in different geographies and tenant verticals.

Direct peers

• NAI Isaac: Lexington, Kentucky-based commercial real estate firm providing brokerage, property management, development, and investment services across Kentucky. Direct peer given overlapping Kentucky geography and similar full-service commercial real estate model.
• Hollenbach-Oakley: Louisville-based commercial real estate firm offering brokerage, property management, and development services. Direct peer with shared Louisville metro focus and similar mid-market commercial real estate service offering.
• Commercial Kentucky (Cushman & Wakefield affiliate): Louisville-based commercial real estate services firm now affiliated with Cushman & Wakefield, providing brokerage and property management across Kentucky. Direct peer competing for the same tenant, landlord, and developer relationships in the Louisville market.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The McMahan Group