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Lauth Welcomes Media to NASCAR Plaza

CHARLOTTE, NC (May 14, 2008) – Lauth®, owners and developers of NASCAR® Plaza, today welcomed the media for the first time inside Charlotte’s newest landmark Class A office tower.

“NASCAR® Plaza is on schedule to open ten months from now,” said Flint McNaughton, Sr. Vice President and Southeast Regional Partner at Lauth. “Lauth is excited to bring NASCAR® Plaza to the market as the business anchor of a new vibrant gateway into downtown.” 

NASCAR® Plaza is a 390,000 square foot office tower. The 20-story building offers corporate tenants attached covered parking, easy access to I-77 and I-85, an elegant lobby and a prime environment for doing business. It was designed by Pei Cobb Freed & Partners, famous for more than 200 world renowned projects such as the expanded Louvre in Paris, the Rock and Roll Hall of Fame in Cleveland, and the John Hancock Tower in Boston. This world class office tower will be integrated with the NASCAR Hall of Fame and adjacent to the Charlotte Convention Center.

NASCAR Licensing, NASCAR Automotive Aftermarket, Industry marketing and research departments, The NASCAR Foundation and NASCAR Media Group will occupy approximately one-third of the 390,000 square foot building. The remaining space is available for lease by corporate office tenants. McNaughton said leasing interest remains very strong and Lauth is talking to a number of additional prospective tenants. Downtown Charlotte boasts the lowest office market vacancy rate in the United States. NASCAR® Plaza will be the first new building to become available in the area when it opens in March 2009.

"We are thrilled to consolidate our Charlotte-based businesses into this world-class office building that will long be a part of the city skyline and serve as NASCAR's window to the world with the media capabilities this tower will encompass and the upcoming NASCAR Hall of Fame. Together this NASCAR campus will provide a key link to our media and business partners and most importantly our fans," said Paul Brooks, NASCAR senior vice president and president of NASCAR Media Group.

Construction crews are currently erecting steel on the 18th floor of this “green” office tower. NASCAR® Plaza is designed to obtain Leadership in Energy and Environmental Design (LEED) Certification and is LEED Registered with the US Green Building Council (USGBC). The building’s green design boasts office space bathed in natural light and state-of-the-art energy management systems.

Leasing of NASCAR® Plaza is being handled by Jessica Brown and Cristy Nine in the Charlotte office of CB Richard Ellis.

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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 and construction 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.

About NASCAR
The National Association for Stock Car Auto Racing, Inc. (NASCAR), celebrating 60 years in 2008, is the sanctioning body for one of North America's premier sports. NASCAR is the No. 1 spectator sport – holding 17 of the top 20 highest attended sporting events in the U.S., and is the No. 2 rated regular-season sport on television. NASCAR races are broadcast in more than 150 countries and in more than 30 languages. NASCAR 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 national series (the NASCAR Sprint Cup Series, NASCAR Nationwide Series, and NASCAR Craftsman Truck Series), four regional series, and one local grassroots series, as well as two international series. NASCAR sanctions more than 1,200 races at 100 tracks in more than 30 U.S. states, Canada and Mexico. Based in Daytona Beach (Fla.), NASCAR has offices in New York, Los Angeles, Charlotte (N.C.), Concord (N.C.), Conover (N.C.), Bentonville (Ark.), Mexico City, and Toronto.


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