Robert L. Lauth

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Lauth Group, Inc.
401 Pennsylvania Pkwy.
Indianapolis, IN 46280

Lauth is no sloth when it comes to commercial development. Lauth Property Group has developed and constructed facilities worth nearly $2 billion since it began in 1977.

Focusing on office, industrial, retail, and health care markets, the group has developed and built projects including corporate headquarters, warehouses, retail shopping centers, and medical clinics. Lauth also manages properties for several leading insurance companies and other institutions, and it is one of the Midwest's top general contractors. Owned by its officers, the company became Lauth Property Group when chairman Bob Lauth bought out partner Terry Eaton in 1995. The group operates six offices across the US.

About Lauth Property Group

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 privately held development and construction firm. Lauth delivers virtually any type of facility including office, industrial, healthcare or retail from offices in Indianapolis, Charlotte, Denver, Nashville, and Orlando. Additional Lauth information is available at www.lauth.net .

The Indianapolis Real Estate Awards recognizes those commercial real estate leaders who not only work hard to build quality real estate. These award recipients also work hard to build a better community for babies and families.

Going for $1 billion
Lauth Property Group has been growing rapidly as it diversifies

By Madhusmita Bora
maddie.bora@indystar.com

Two years ago, Indianapolis-based Lauth Property Group set an ambitious goal: to reach $1 billion in revenue by 2009....

Commercial Property News ranked Lauth the 14th-largest U.S. real estate developer this year, up from 20th last year.

Lauth's revenues are expected to be more than $500 million this year, compared with $278 million last year.

The company, which had 80 employees in 2000, added 100 employees in Indianapolis alone last year. It now employs 350.

Lauth also opened regional offices in Orlando, Fla., Phoenix and Dallas in 2004-05.

"We are achieving our benchmark much sooner than I thought," said Robert Lauth, chairman and CEO. "We will be a billion-dollar company sooner rather than later, and we have to come up with another goal pretty soon."

The company's growth has been so rapid and its success so recent that many people outside of Indianapolis may not realize it has honed its strategy over more than two decades.

"It's a five-year-old company with a 24-year-old head start," said Michael Curless, president. Lauth started small in 1977, concentrating on developing strip malls anchored by grocery stores in Indiana. Slowly, it began to diversify. In 1979, it built its first office building. By 1986, Lauth had entered into the medical and industrial development sectors.

"We had a vision going way back to try to become an expert in those four food groups, as I call them," said Lauth. "Now we have been doing each of those categories for at least 20 years and feel equally skilled, adept and comfortable in all four sectors. That vision has served us very well." Then in 1990, the company flexed its muscles beyond its home turf and followed client Bindley Western into Florida.

It hasn't looked back.

In the last few years Lauth signs have appeared in Kansas, Pennsylvania, Connecticut, Georgia and Texas, as clients such as Progressive Insurance and Select Medical introduced them into new markets.

Diversifying geographically and by property type makes sense for Lauth, said Jeff Fisher, director of the Center for Real Estate Studies at Indiana University. The company can flourish even when there's a slowdown in one of the sectors. Lauth survived the damaging downturn in the office market in 2001.

"It just disappeared overnight and stayed dormant for three, four years," Robert Lauth said.
While the company waited for a recovery, it focused on other sectors and grew its contracting services by building for clients. Now the office market is blossoming again.
"The development cycle is coming back around, so it certainly opens up more opportunities," said Suzann Silverman, editor in chief of Commercial Property News. "I think beyond that is what you do with the opportunities." The commercial real estate market has been extremely strong the last five years -- due to low interest rates, poor stock market performance and renewed desire by investors to diversify into real estate. "As a res ult, prices have been increasing and investors have earned great returns -- better than returns on stocks and bonds in recent years," Fisher said.

And the Hoosier company's strategies seem to be working, experts say.

Lauth officials credit their clients and employees for the company's performance. Each year, the company lands a significant percentage of new business from repeat customers. "For us, it's all about people," Lauth said.

In 2001, the company launched ProjectLink, a Web-based project management system that allows clients to communicate directly with Lauth architects, view construction photos in real time and get sched ules without leaving their desks.
"They have a good set of people," said Michael E. McCarty, president of the community and lifestyle centers division at Simon Property Group. "We learned from them, and they learned from us."

Lauth partnered with the mall giant to build the Clay Terrace open-air center in Carmel.

Lauth officials said the company plans to continue on its growth path. It plans to move into New Jersey and California and has ambitions of going into Canada and Mexico when the opportunities are ripe, officials said.
The company says it has the luxury to do that because it's privately owned.

And Robert Lauth and his partners have no plans of changing that.

Lauth Property Group

• Headquarters: 401 Pennsylvania Parkway, Indianapolis.
• Core products: Retail, office, industrial and health care space.
• Principals: Robert L. Lauth, Gregory C. Gurnik, Lawrence B. Palmer, Michael S. Curless.
• Founded: 1977.
• Employees: 350.
• Regional offices: Dallas; Charlotte, N.C.; Denver; Orlando, Fla.; Phoenix.
• Clients: Bon Secours, Kohl's, Plastech, Progressive Ins. & other Fortune 500 firms, private investors, REITs & small companies.
• 2005 revenue: $278 million.
• Expected 2006 revenue: More than $500 million....
Indianapolis-based Lauth Property Group has completed the sale of two office buildings on the city's northwest side.
Chicago-based Romanek Properties, Ltd. has purchased INTECH One and INTECH Two located in INTECH Park. Lauth will continue to provide management and leasing services for the property.

Source: Inside Indiana Business

Press Release

INDIANAPOLIS, IN (October 13, 2005) - Lauth Property Group announced today that it has completed the sale of INTECH One and INTECH Two, a total of 282,000 sf of office space located at INTECH Park. An affiliate of Romanek Properties, Ltd. purchased the buildings for an undisclosed sum.

“The sale of INTECH One and Two provides us with the opportunity to strategically redeploy capital into new development at INTECH as well as other locations around Indianapolis and throughout the country,” said Lauth Principal and Executive Vice President, Mike Curless....

Indianapolis-based Lauth Property Group has opened Meridian Corporate Plaza Two.

The office building is the second of three buildings located in the mixed-use park on the Indianapolis northside. The office component, when complete, will include about 340,000 square feet, including Lauth's headquarters. Several companies locating in the park are Bose McKinney & Evans LLP and Architects Forum. Construction on Meridian Corporate Plaza Three began this summer and is expected to be completed by May of next year
.
Source: Inside INdiana Business

Press Release

INDIANAPOLIS, IN (October 31, 2006) – Lauth Property Group is pleased to announce the opening of Meridian Corporate Plaza Two. Construction on this 140,000 square foot, four-story, Class-A office building began last summer and was completed in September of this year. Located at 301 Pennsylvania Parkway, Meridian Corporate Plaza Two is the second of three office buildings located within the mixed-use park, Meridian Corporate Plaza. The office component, when complete, will contain more than 340,000 square feet including the Lauth headquarters. Buildings Two and Three, both 140,000 square feet, the Wyndham Hotel and Methodist Medical Plaza comprise Meridian Corporate Plaza....

Cook vs. Lauth: A bitter dispute
Newly released legal documents show deep divide between casino owners

By Laura Lane | llane@heraldt.com
Tuesday August 1, 2006

PAOLI

Don't bet on a quick resolution to the acrimonious rift between the partners financing and developing the French Lick Springs Resort & Casino.

And hope that the division does not halt a project heralded as the answer to Orange County's depressed economy.

The disagreement between Bloomington billionaire Bill Cook and Indianapolis developer Robert Lauth, two principals of the project, runs deep. That's clear from previously sealed court documents, released Monday, that detail why the two are suing one another.
Lauth accuses Cook of being overly involved in the project, ordering around workers and causing huge budget overruns....

Lauth Buys 55-Acre Brownsburg Site
By Danielle Anderson
Last updated: November 13, 2006

BROWNSBURG, IN-Lauth Property Group has closed on a 55-acre site just west of State Road 267, along Northfield Road, in this growing town about 10 miles northwest of Indianapolis. The Indianapolis-based company plans to erect Brownsburg Station, a 480,000-sf shopping center with several large anchors. The project, which has been site-plan approved, is slated for completion in October 2007. ...

[December 14, 2006]
Lauth Property Group's plans are big for distribution center at I-70 exit

(Indianapolis Star, The (KRT) Via Thomson Dialog NewsEdge) Dec. 14--Lauth Property Group is trying to move ahead with a huge warehouse and distribution center near Plainfield....

Lauth proposes to build on more than 500 acres northeast of the interchange.

Tag Birge, Lauth's Midwest regional director, said plans call for about 10 buildings. More than 28 feet high, each structure will have a half-million to a million square feet of space.

The project will take about a decade to complete.

The development, to be called Westpoint Business Park, ...

Lauth is working to complete purchase of the acreage, which it has under contract. Most of the property is in Hendricks County; about 80 acres are in Morgan County ...

Lauth Kicks Off Corporate
GlobeSt. com - 15 Jan 2007 INDIANAPOLIS - Construction has just begun on INTECH Three , the eighth corporate office building Lauth Property Group ' s INTECH Park.The four - story , 151,343 - sf Class A office building ...

Lauth Signs Deal With Nissan For Distribution Center
InsideIndianaBusiness.com Report
Press Release

INDIANAPOLIS - (January 17, 2007) – Lauth Property Group today announced that Nissan North America will locate a regional distribution facility at Lauth’s Deltapoint Business Center in Memphis.

Nissan will occupy 413,000 square feet, approximately half, of the Deltapoint One building. Deltapoint is the first facility in the Memphis area for Lauth, a national development and construction company.

... Upon fully leasing Deltapoint One, Lauth intends to break ground on Deltapoint Two, a 493,000 square foot distribution and warehouse facility. Lauth’s master plan eventually calls for four industrial buildings at Deltapoint.

... The company announced plans to build The Shoppes at Rivercrest outside of Charlotte and Oakmont Medical Center outside of Austin, Texas. ...

Lauth Reports Strong 2006
Source: Inside INdiana Business
Press Release

INDIANAPOLIS - (February 1, 2007) – As Lauth prepares to celebrate its 30th Anniversary in 2007, the company today reported record growth in 2006. Lauth recorded volume for the year of $592 million, more than doubling its’ 2005 volume of $278 million.

“Lauth’s planned growth continued in 2006,” said Robert Lauth, Chairman and CEO. “I find it partic ularly satisfying that we experienced this growth without sacrificing our commitment to surpass our clients’ vision and expectations for each and every project.”

....Lauth climbed to the 14th largest development company in the nation according to Commercial Property News and into the top contractors in the US by Engineering News Record in 2006. Lauth is one of only seven companies to appear on both lists and one of only four general contractors licensed in all 49 continental United States. Lauth also celebrated the opening of the French Lick Resort and Casino ahead of sched ule in November 2006.

...Lauth completed a record number of build-to-suit and spec ulative projects totaling more than 7.1 million square feet. The company currently has projects underway in 30 states. Lauth’s ownership and development of NASCAR Plaza, a 19-story office tower in downtown Charlotte, added to its success across the nation in 2006....

Southeast Construction Magazine recognized the company’s work in 2006 for developing and building environmentally friendly buildings. Lauth’s HSBC Corporate Headquarters in Fort Mill, South Carolina received the “2006 Award of Excellence” for Leadership in Energy and Environmental Design (LEED) certified building.... Lauth completed or began development of 21 healthcare projects in eleven states in 2006 ... Starting with its first medical office building in 1987, Lauth has gained national prominence as a developer of healthcare facilities. The company offers a unique program that encourages its qualified physician-tenants to become part owners of these medical office buildings.

“Lauth is working with some of the nation’s top healthcare providers to develop and construct medical facilities across the country,” ...

Retail continues to be a bright spot of growth for Lauth. The company opened or began development of eight new retail centers in 2006 – a company record. ...

Lauth expects its growth to continue in 2007. The company is currently constructing and developing 35 projects, totaling nearly six million square feet, in m ultiple U.S. markets.

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Robert L. Lauth