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FOR IMMEDIATE RELEASE CONTACT: Reichel Realty successfully completes the Sale of a 60,000 sf Vacant Lot at the SE corner of Banyan Blvd. and Rosemary Avenue in West Palm Beach, Florida. WEST PALM BEACH, FL – April 15, 2004 – Reichel Realty & Investments is pleased to announce the sale of a 60,000 sf vacant lot at the SE corner of Banyan Blvd. and Rosemary Avenue in West Palm Beach, Florida. The total sale price for the parcel was $4,000,000. Reichel Realty exclusively represented the Seller, The Downtown Neighborhood Group, Inc., Peacock Tuxedo, Inc. and The Downtown Neighborhood Group Headquarters, Inc. all companies controlled by Lawrence Corning. The Buyer, The Place Via Banyan, LLC is planning to develop an 8-story apartment project on the site, which is located one block from the County Government Center. ### Commercial Real Estate Expertise for Today's Market
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