PHOENIX (January 15, 2008) – Goodyear Mayor Jim Cavanaugh today joined Lauth to break ground on Goodyear Point, a six building distribution park totaling nearly 2.5 million square feet (SF) of space. The project is located on nearly 150 acres in the Southwest Valley Industrial Submarket at the intersection of Lower Buckeye Road and Litchfield Road in Goodyear’s new “Employment Corridor.”

“Goodyear Point will create new jobs and economic opportunities by taking advantage of one our greatest natural assets – our prime location,” said Mayor Cavanaugh. “It is a pleasure to welcome Lauth and Goodyear Point to the Employment Corridor.”

Construction will commence immediately on the first building at Goodyear Point. Building A will be a 418,200 SF cross docked distribution building. It will be available for occupancy by the end of the year.

“Lauth is thrilled to break ground on its latest project in the Phoenix area,” said Dave Carder, Vice President of Lauth’s Phoenix office. “Goodyear Point will offer companies modern distribution space with easy access to major transportation routes through the metro area from the West Coast.”

The location of Goodyear Point is a key feature for companies seeking distribution space in the area. The park offers easy access to I-10, US 85, I-17, I-40, and I-8. Future transportation improvements at Highway 85 will provide even better transportation access in the years to come. Goodyear Point also fills a critical need for modern distribution space in a market facing its lowest vacancy rates in a decade.

Bo Mills and Mark Detmer of Cushman & Wakefield will handle the leasing of Goodyear Point.

Goodyear Point is the latest development in Phoenix by Lauth, one of the nation’s leading developers. The company broke ground in October on Riverview Point, a six building office park located near the border of Mesa, Tempe, and Scottsdale. It also opened the 603,910 SF Riverside Business Center last summer and leased over half of the distribution building to Ulta Cosmetics. Lauth will break ground next month on Washington Point, a three building office complex featuring over 640,000 SF of Class A office space in Phoenix’s “Opportunity Corridor.” The company also plans to break ground later this year on a healthcare development and a mixed-use office/retail park, making it one of the most active commercial developers in 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 one of the nation’s largest development firms. Lauth delivers all types of facilities including healthcare, industrial, office, and retail projects from offices in Indianapolis, Charlotte, Dallas, Denver, Orlando, Phoenix and Pittsburgh. Additional Lauth information is available at www.lauth.net. People. Trust. Experience. ^®