FOR IMMEDIATE RELEASE

CONTACT:
Sheryl L. Cautero
Office Administrator
Reichel Realty & Investments, Inc.
4524 Gun Club Road, Suite 212
West Palm Beach, Florida 33415
(561) 478-4440, Fax (561) 478-4442
scautero@reichelrealty.com
www.reichelrealty.com

Reichel Realty successfully completes 1,050sf Lease for Theatre Property Holdings, Inc.

WEST PALM BEACH, FL - March 22, 2002 - Reichel Realty is pleased to announce the lease of 1,050 sf of commercial space at 1253 Old Okeechobee Commerce Center, West Palm Beach, Florida. The space was leased to Theatre Property Holdings, Inc., West Palm Beach, Florida. The lease has a (1) one-year term and is valued at $10,500.00.

William B. Reichel, President successfully handled the transaction. Reichel Realty & Investments, Inc., exclusively represented the Landlord Island Shops, Ltd., of West Palm Beach, Florida.

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