REA Magnet Wire Company, Inc. Appoints Steinborn/TCN Worldwide as Exclusive Sales Agent for 184,000 SF Manufacturing/Warehouse/Office Facility at 301 Rea Blvd

    LAS CRUCES, NM, November 02, 2009 /24-7PressRelease/ -- Steinborn/TCN Worldwide, one of the fastest growing commercial real estate service providers in the marketplace, announced its appointment as Exclusive Sales Agent for 301 REA Blvd. on behalf of REA Magnet Wire Company, Inc. The REA Magnet Wire Facility, located in the West Mesa Industrial Park, is the largest industrial complex located in Las Cruses, consisting of 182,237 SF on 50 acres.

The REA Magnet Wire Facility is strategically located just 40 miles from the Mexican Border Crossing. Grady Oxford, listing agent and associate broker, with Steinborn/TCN Worldwide stated, "Firms with ownership or business relationships with maquilla(s) in Mexico who are seeking a USA based logistics HUB to compliment the maquilla operations will find this Class A property of strategic value." The REA Magnet Wire Facility is an exceptionally well-maintained facility, consisting of the highest standards in concrete tilt up construction, manufacturing areas, offices, tank rooms, redundant utility systems, quality control labs, on site security, and shipping/receiving bays. Oxford added, "Manufacturers who choose or are required to have a US based operation will not find an equivalent facility of this caliber."

"Selected over all other local firms, we are pleased to have been appointed Exclusive Sales Agent for REA Magnet Wire Facility," stated John Hummer, owner & co-broker on this transaction, at Steinborn/TCN Worldwide. "This assignment reflects our firm's continued growth and momentum in the marketplace and expertise in the Las Cruces and Southern New Mexico market."

REA Magnet Wire Company, Inc., headquartered in Ft. Wayne, Indiana, is the largest producer of magnet wire in North America and China and the second largest in the world. Their decision to close the Las Cruces plant is due to the consolidation of operations into their Monterrey, Mexico, and Lafayette Indiana plants.

About Steinborn, Inc.

Founded in 1969, Steinborn Inc. REALTORS has been serving the real estate needs of Southern New Mexico. The company is comprised of a residential division affiliated with GMAC Real Estate, commercial division affiliated with TCN Worldwide and a property management division managing approximately 500 properties. The company operates a comprehensive real estate school - The Real Estate Institute offering pre-licensing and accredited continuing education courses. Steinborn Inc. REALTORS has in-house mortgage and title services in order to provide their customers with one-stop-shop real estate services. The company also publishes a high quality, award winning, monthly magazine - The Real Estate Guide of Las Cruces, which is distributed at over 300 locations in Southern New Mexico. Steinborn Inc. REALTORS has approximately 120 active Associate Brokers who are committed to providing Premier Service to their customers.

About TCN Worldwide

TCN Worldwide, a consortium of independent commercial real estate firms, provides complete integrated real estate solutions locally and internationally. With approximately $20.7 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, this year TCN Worldwide celebrates its 20th year of service as commercial real estate experts! TCN Worldwide is comprised of over 1,200 commercial real estate professionals serving more than 200 primary and secondary markets worldwide.

For more information on Steinborn/TCN Worldwide, contact John L. Hummer, president, at its Las Cruces, NM Headquarters at 505-522-3698 or visit their website at www.steinborn.com/commercial.

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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