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Coleman Group takes over management of PNC Tower

Group also brokers sale of Hamburg office building

LEXINGTON, Ky. (Aug. 20, 2014) — Coleman Group Commercial Real Estate and Property Management has been awarded the management and leasing contract for the PNC Tower located at 301 East Main St.


PNC Tower is home to tenants such as PNC Bank, Kinkead & Stilz PLLC, and Decamp & Talbot. Coleman Group’s Executive Vice President Isa Mashni will undertake the leasing at the PNC Tower.

Also, Bob Cole, principal broker at Coleman Group, represented the seller of 1792 Alysheba Way in Lexington’s Hamburg Development. Coleman Group has held the leasing assignment for this building since 2008. Barry Mangold of Mangold Real Estate represented the purchaser, Gavcon Properties No. 1792, a Florida based private equity investor.

The three-story, 74,187 s.f. building sold for $6.6 million and is 94.12 percent leased.

Its tenants include Metropolitan Life, Progressive Casualty Insurance Company, Anthem Health Plans of Kentucky, and Laura’s Lean Beef. Coleman Group will undertake the management of this building for its new owner.