INDIANAPOLIS, INDIANA (September 8, 2011) – Lauth announces that Lauth Equity, LLC recently formed a joint venture with Invesco to recapitalize two retail developments, Lafayette Pavilions and Porter’s Vale. Lafayette Pavilions is a 337,652 square-foot retail center in Lafayette, Indiana. Tenants at Lafayette Pavilions include TJ Maxx, Office Depot, Gordmans and Hobby Lobby. Porter’s Vale is a 91,897 square-foot retail center located in Valparaiso, Indiana that includes JC Penny and Cinemark as anchors with additional real estate for future retail development.
Lauth will continue to provide property management, leasing, development and construction services to the joint venture. “Invesco presents a great opportunity for Lauth to partner with a high quality institutional capital partner” said Robert L. Lauth, Jr., Chairman and CEO at Lauth. “We look forward to working closely with Invesco to continue the leasing and development of these two high quality retail centers.”
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 a leading national development firm. Lauth delivers virtually any type of facility including healthcare, industrial, office, and retail from its Indianapolis headquarter office. Additional Lauth information is available at www.lauth.net.