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 4,938sf Retail Lease in Royal Palm Beach, Florida.

WEST PALM BEACH, FL - June 13, 2002 - Reichel Realty is pleased to announce the lease of 4,938sf of retail space located at the K-Mart Shopping Center at 441 & Southern Boulevard in Royal Palm Beach, Florida. The space was leased to Naturals Silk Outlet of West Palm Beach. Naturals. Naturals Silk Outlet is also located at 2380 Palm Beach Lakes Boulevard. The K-Mart location will be their second store in Palm Beach County. The lease has a (5) five-year term and is valued at $382,000.

Douglas S. DeSantis, Broker/Associate successfully handled the transaction. Reichel Realty & Investments, Inc., exclusively represented the Tenant in this transaction.

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