TCN Worldwide Continues to Expand Throughout First Half of 2004

FOR IMMEDIATE RELEASE

TCN WORLDWIDE

TCN WORLDWIDE CONTINUES TO EXPAND THROUGHOUT FIRST HALF OF 2004

ORGANIZATION'S FOCUS ON REINVESTMENT PAYS DIVIDENDS

DALLAS, TX, AUGUST 16, 2004— H. Ross Ford, president of TCN Worldwide, reports the first half of 2004 was a very productive period for the international real estate organization.  TCN Worldwide's success reflects both a nationally improving economy, specifically in the commercial real estate market, as well as the organization's continued reinvestment in its member firms.  Growth is clearly a reflection of the organization's communication and teamwork among its membership.

First half highlights concluded between TCN Worldwide member firms include:

• TCN Worldwide members, Henry S. Miller of Houston, Texas and Chartwell Group of Cleveland, Ohio, represented Amalgamated Bank of Chicago in two significant retail auctions.  Held in Houston, Texas, the auctions brought the most serious prospects from all over the country to compete for the product, two former Kmart shopping centers.  The properties represented a combined 212,000 square feet of prime retail space in Spring, Texas and Clarksville, Tennessee.
   
• Charles McDonald of Richard Bowers & Co., TCN Worldwide's Atlanta affiliate, worked closely with various TCN offices to represent Crawford & Company, the world's largest independent provider of claims management solutions to insurance companies and self-insured entities, in three lease transactions spanning 21,040 square feet.
   
• Todd Duke of Richard Bowers & Co. in conjunction with John Shell, president of McGuire Properties in Charlotte, North Carolina, represented The American Cancer Society in the lease transaction of 8,048 square feet within a 15-story, 289,000-square-foot facility in the SouthPark Towers II building at 6000 Fairview Road in South Park, North Carolina.
  
   
• Alan Rosenberg of Sutton & Edwards and Burt Miller of MHP Real Estate Services, TCN Worldwide's Long Island and Manhattan affiliates, respectively, represented David Adams Capital Markets in the lease of 7,500 square feet of office space at 30 Broad Street, a 48-story building built in the financial district of New York City in 1932.  

"It is evident that an exciting new trend is developing," said H. Ross Ford, president of TCN Worldwide.  "Of our clients who completed transactions during the first half of this year, 24 percent closed more than one transaction.  This is not only an indication of expanding multi-market needs, but also illustrates the superior service TCN Worldwide members provide their clients."

TCN Worldwide, a consortium of independent commercial real estate firms, provides complete integrated real estate solutions locally and internationally.  With approximately $11.1 billion in annual transactions and over 80 million square feet of space under management, the organization ranks as one of the largest service providers in the industry.  An extensive range of real estate services coupled with a personal commitment to exceed client expectations is what allows TCN Worldwide to be a leader within the commercial real estate industry.  Formed in 1989, TCN Worldwide is comprised of 45 independent commercial real estate service firms in more than 200 markets worldwide with over 1,200 brokers and salespeople in both primary and secondary markets throughout the world.

For more information on TCN Worldwide, contact H. Ross Ford or Claudia E. Crow at 972-769-8701 or visit www.tcnworldwide.com.

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