Lauth Breaks Ground on NASCAR Plaza in Downtown Charlotte

CHARLOTTE(January 25, 2007) – The skyline of downtown Charlotte will soon take on a different look. Today, Robert Lauth, Chairman of Lauth Property Group, Charlotte Mayor Pat McCrory, NASCAR President Mike Helton, and racing legend Richard Petty broke ground on NASCAR Plaza.

“For the past 30-years Lauth has built a nationwide reputation for quality and trust,” said Bob Lauth. “Today, we are proud to begin construction of NASCAR Plaza, Charlotte’s most recognizable business address.”

Lauth will own and develop the 19-story, 390,000 square foot, class-A office tower. The building will be connected to the NASCAR Hall of Fame and integrated with the Charlotte Convention Center. The world renowned architectural firm, Pei Cobb Freed & Partners designed NASCAR Plaza and the Hall of Fame. The firm has been recognized for its buildings in cities worldwide, including the Javits Convention Center in New York City, the expanded Louvre in Paris, the Rock and Roll Hall of Fame in Cleveland and the U.S. Holocaust Memorial Museum in Washington, D.C.

In addition to its contemporary design, NASCAR Plaza will be a “green” building. Lauth intends to construct this office tower to achieve LEED certification (“Leadership in Energy and Environmental Design”). LEED buildings feature state-of-the-art designs for internal environmental systems, site development, and water and energy systems.

NASCAR Licensing and NASCAR Images will be the anchor tenants of the facility, leasing approximately one-third of the office space. Lauth will lease the remaining office space to other tenants. NASCAR Plaza expects to open in March 2009.

“NASCAR Plaza will be of interest to any business seeking a highly recognized building to call home,” said Flint McNaughton, Southeast Regional Partner at Lauth. “This building will house a variety of racing and non-racing tenants that find it desirable to be located in the heart of Charlotte’s thriving financial district.”

2007 marks the 30th anniversary for Lauth and today’s groundbreaking marks the latest in a series of recent announcements by the company. Last week, Lauth announced a deal with Nissan for a new parts distribution center in Memphis. Earlier this month, the company unveiled plans to add a new speculative office building at Lauth’s INTECH Park, the largest office park in Indiana.


About Lauth
Since 1977, Lauth has been building facilities for clients to lease or own throughout the United States. Lauth’s years of solid experience, coupled with completed projects worth billions, make it one of the nation’s leading development and construction firms. Lauth delivers many types of commercial facilities including office, industrial, healthcare and retail from eight offices nationwide. Additional Lauth information is available at People. Trust. Experience. SM

The National Association for Stock Car Auto Racing, Inc. (NASCAR), which began in 1948, is the sanctioning body for one of America’s premier sports. NASCAR is the No. 1 spectator sport – holding 17 of the top 20 attended sporting events in the U.S., the No. 2-rated regular season sport on television with broadcasts in more than 150 countries, and has 75 million fans that purchase more than $2.1 billion in annual licensed product sales. These fans are the most brand loyal in all of sports and as a result, more Fortune 500 companies participate in NASCAR than any other sport. NASCAR consists of three major national series (NASCAR NEXTEL Cup Series, NASCAR Busch Series, and the NASCAR Craftsman Truck Series) as well as eight regional tours and one local grassroots series. NASCAR sanctions 1,500 races at over 100 tracks in 35 states, Canada and Mexico. Based in Daytona Beach, NASCAR has offices in Bentonville (Ark.), Charlotte, Concord (N.C.), Conover (N.C.), Los Angeles, New York, Mexico City and Toronto.