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For Immediate Release

MOHR PARTNERS SIGNS CURTISS-WRIGHT CORPORATION AS PORTFOLIO CLIENT

Wednesday, March 31, 2010

 
Mohr Partners Inc., an international corporate real estate advisory firm, announces the signing of Curtiss-Wright Corporation as its newest portfolio client. Curtiss-Wright, based in Parsippany, NJ, designs and manufactures highly engineered, advanced technologies that perform critical functions in the defense, energy, commercial aerospace and general industrial markets.

Mohr Partners will exclusively manage all transactions for real estate operations for a portfolio totaling approximately 175 facilities around the world and 4.5 million square feet, including manufacturing, metal treatment service, aerospace component overhaul, engineering, selling and other facilities and administrative offices. Eric Beichler, Managing Partner, and Rob Pipkin, Managing Director with Mohr Partners, secured the partnership.

"We are pleased to have been selected to manage Curtiss-Wright's real estate portfolio," said Beichler. "Curtiss-Wright Corporation is a long standing successful company that has taken the opportunity to consolidate their current real estate requirements through our proven service delivery model. Like many of our clients, we are excited to add value across the portfolio by driving down the expense line and identifying the "true" occupancy costs. This is a partnership that will benefit them today and over the next several years."

"Our integrated service model is a perfect fit for Curtiss-Wright's real estate needs," said Ted Fredericks, President of Mohr Partners. "The Dallas office worked very hard to earn their business, and we look forward to working with their team in providing the necessary resources and expertise to reduce real estate occupancy costs and optimize their global footprint."

"As we evaluate all areas of potential cost reductions across Curtiss-Wright's operations, we specifically considered our real estate portfolio," said Glenn E. Tynan, Vice President and Chief Financial Officer with Curtiss-Wright. "After review and evaluation, we were quite impressed with Mohr Partners' capabilities which should enable us to more effectively manage our real estate needs."

Curtiss-Wright selected Mohr as a partner to establish a streamlined real estate process consolidating real estate functions through a centralized operation for lease administration and management at the corporate level. Mohr will provide Curtiss-Wright with strategic advisory services, lease administration capabilities, project management services and exclusive tenant advocacy through a "single-point of contact" approach.

Headquartered in Parsippany, NJ, Curtiss-Wright's subsidiary companies include Curtiss-Wright Flow Control Company, Curtiss-Wright Controls, Inc. and Metal Improvement Company. The Mohr team worked with Allan E. Symonds, Vice President, Finance and Glenn E. Tynan, Vice President and Chief Financial Officer with Curtiss-Wright.

About Mohr Partners:
Dallas-based Mohr Partners Inc. is an international corporate real estate services, advisory and consulting firm with 15 U.S. offices. Since 1986, Mohr Partners has been managing real estate portfolios for corporations and completes in excess of 2,500 transactions each year for its clients. U.S. offices are located in Atlanta, GA, Austin, TX, Boston, MA, Chicago, IL, Cleveland, OH, Dallas, TX, Houston, TX, Los Angeles, CA, Melville, NY, Minneapolis, MN, Newport Beach, CA, New York, NY, Orlando, FL, Philadelphia, PA and Phoenix, AZ. Mohr, through its Joint Venture partnership with AsiaPac International, seamlessly provides corporate real estate services globally in over 42 locations worldwide and 71 countries. For more information on Mohr Partners please visit: www.mohrpartners.com.
 
About Curtiss-Wright Corporation:
Curtiss-Wright Corporation is a diversified company headquartered in Parsippany, NJ. The company designs, manufactures and overhauls products for motion control and flow control applications, and provides a variety of specialized metal treatment services. The firm employs approximately 7,600 people worldwide. For more information, please visit: www.curtisswright.com.

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