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 Sale of Property in Lake Park, Florida.

WEST PALM BEACH, FL - July 29, 2002 - Reichel Realty is pleased to announce the sale of the property known as Park Center Hardware located at 1105 North Federal Highway, Lake Park, Florida. The property was sold to Earl Stewart LLC, of Lake Park, Florida. The property sold for $1,000,000.

William B. Reichel, President successfully handled the transaction. Reichel Realty & Investments, Inc., exclusively represented the Buyer, Earl Stewart, LLC of Lake Park, Florida.

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