Lauth Adds Commercial Real Estate Executive to Florida Team

CHARLOTTE, NC (May 19, 2008) – Lauth®, one of the nation’s leading development and construction firms, today announced that Florida real estate veteran John Frederick is joining the company as Vice President of Office and Industrial Development in the company’s Orlando office.

“John Frederick adds years of experience in office and industrial development to Lauth’s Orlando office,” said Flint McNaughton, Sr. Vice President and Southeast Regional Partner. “John’s track record in the successful development, acquisition, and management of high quality projects fits perfectly with Lauth’s aggressive growth plans in Florida.”

Frederick joins Lauth following three years as Vice President and Florida District Manager at RREEF, a real estate acquisition and management company. He previously spent seven years as Vice President and Orlando Market Officer for ProLogis, the largest owner, manager, and developer of distribution facilities in the world. Under John’s leadership, Prologis doubled its Orlando portfolio to include 24 buildings encompassing 2.4 million square feet.

Frederick will join Kevin Rogers, Vice President of Retail Development, and Brent Barnes, Vice President of Healthcare Development, in Lauth’s Orlando office. The company currently holds strategic land positions in several Florida markets. It also recently broke ground on a 68,500 SF medical office building on the campus of Imperial Point Medical Center in Fort Lauderdale, FL.

This marks the latest announcement for Lauth, the 13th largest commercial real estate developer in the US according to Commercial Property News. Last month the company announced plans to build two new distribution facilities in North Pointe Business Park near the Port of Charleston, South Carolina. Last week it held a media tour inside NASCAR® Plaza, a 20-story world class office tower in downtown Charlotte. Earlier this year, Lauth announced plans for Goodyear Point, a 2.5 million square-foot distribution park outside Phoenix.

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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 a leading national development firm. Lauth delivers virtually any type of facility including healthcare, industrial, office, and retail from offices in Indianapolis, Charlotte, Dallas, Denver, Orlando and Phoenix. Additional Lauth information is available at www.lauth.net.