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 2,000sf Lease at Center Point Commercial Project, Riviera Beach, Florida.

WEST PALM BEACH, FL - July 15, 2002 - Reichel Realty is pleased to announce the lease of 2,000sf of retail/office space located at Center Point Commercial Center, 4152 Blue Heron Boulevard, Riviera Beach, Florida. The space, leased to Budget Printing of West Palm Beach, Florida. The lease has a (5) 5-year term and is valued at $115,000.

Richard S. Kaufman, CCIM, Sr. Vice-President successfully handled the transaction. Reichel Realty & Investments, Inc., represented the Tenant.

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