International Real Estate Affiliation Teams With Murray Hill Properties of New York City

Business Wire, Sept 21, 1999

NEW YORK--(BUSINESS WIRE)--Sept. 21, 1999--

Murray Hill Properties, a leading, full service commercial real estate provider in Manhattan, has been named the exclusive Manhattan market representative for TCN/The Commercial Network, an international organization composed of leading, independent commercial real estate firms.

According to Ross Ford, President of TCN, "The addition of Murray Hill Properties provides TCN with access to the best commercial brokerage services in the Manhattan area. In conjunction with Sutton & Edwards on Long Island, TCN clients and member firms are assured 'industry-leading' coverage in this key business region with the addition of Murray Hill Properties to our member network."

TCN, the nation's fastest growing affiliation of independent commercial real estate firms, provides its members with the tools necessary to compete more successfully in their local markets as well as the ability to serve their clients' needs through an international platform. In addition, the members gain access to the best knowledge and expertise available from industry leaders, which assists them in keeping abreast of industry requirements, offering new client services and attracting the talented workforce that is essential for long term success.

To be selected as a TCN partner, a firm must be full service and demonstrate expertise in the office, retail, investment, industrial, and multi-family markets. In addition, the company's clientele must include firms within the Fortune 500 to Fortune 1500 list. Finally, there must be a cultural fit between the company and the TCN mission. TCN seeks firms that are dedicated to remaining independent, entrepreneurial entities. The overriding goal for TCN is to empower their members to become more competitive within their own marketplace.

"As a proven leader in commercial real estate services, Murray Hill Properties brings a wealth of knowledge and experience to TCN, as well as a large and growing client base. We are very excited to be affiliated with them as TCN's exclusive representative for this dynamic market," Ford continued.

"By combining our proven expertise in this rapidly evolving market with our balanced perspective as both brokers and owners, Murray Hill has earned a reputation for excellence. We're thrilled to be a part of this prestigious network of independent real estate firms," said Neil Siderow, general partner, Murray Hill Properties.

Siderow and his partners have a combined 70 years experience in the New York market. "Our focus is on much more than just `Location, Location, Location.' At Murray Hill, we have redefined the real estate formula for success by offering superior knowledge of the market, the unsurpassed value of our properties and a commitment to outstanding client service," he explained. "We've found that the best way to maintain those standards is to remain independent and focused on knowing the New York market inside and out. That's the secret of our success."

Murray Hill Properties' client list includes the New York Stock Exchange, Chase Manhattan Bank, MCI Telecommunications, Charles Schwab & Co., Inc., Gucci, the Mexican Consulate, and Columbia Presbyterian Medical Center, to name a few.

TCN has 56 member firms covering more than 150 metropolitan areas in North America and Europe. Over 2,000 agents participate in the exchange of information and commercial real estate transactions in the leasing and sales of office, industrial, retail, investment, multi-family, and land assets.