(Carl Cronan is editor of Real EstateFlorida.)
ORLANDO, FL-Lauth Group Inc. has hired local commercial real estate veteran John Frederick as vice president of office and industrial development. Frederick's new role primarily entails seeking opportunities for new projects, particularly in the Interstate 4 corridor between Orlando and Tampa.
"One of the reasons I joined Lauth was to get back to my roots as a developer," Frederick tells GlobeSt.com. He spent the last three years with RREEF as VP and Florida district manager, and was previously at ProLogis for seven years as VP and Orlando market officer.
While RREEF is more involved in acquisitions and management, ProLogis is a highly active industrial developer within Florida. During his time with ProLogis, Frederick says he was in charge of developing four buildings totaling nearly 500,000 sf and valued at $20 million in the Orlando market.
Frederick's efforts will focus on the heavily industrialized I-4 corridor, along with potential office and industrial projects in the Tampa Bay and South Florida markets. The Orlando native and Stetson University graduate says he plans to use many of the same relationships he has built locally over the years in pursuing potential projects on Lauth's behalf.
"I'm very committed to that corridor," Frederick says. "We're seeing strong development and absorption in that area."
Frederick will work in Lauth's Orlando office with Kevin Rogers, VP of retail development, and Brent Barnes, VP of health care development. The company holds strategic land positions in all of Florida's major markets, and recently broke ground on a 68,500-sf medical office building at Imperial Point Medical Center in Fort Lauderdale.
"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," says Flint McNaughton, the company's senior VP and Southeast regional partner. Lauth's regional development plans include two new distribution facilities at North Pointe Business Park in Charleston, SC, and the 20-story NASCAR Plaza office tower in Charlotte, NC.
Indianapolis, IN-based Lauth owns $1.2 billion worth of projects with another $1.6 billion in development across the country. Orlando is one of six regional offices overseeing the company's projects in the industrial, office, health care and retail sectors.
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