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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 10,013 sf Building on Clematis Street, Downtown West Palm Beach, Florida.

WEST PALM BEACH, FL - November 6, 2002 - Reichel Realty is pleased to announce the sale of a 10,013 sf two-story commercial project located at 525 Clematis Street in Downtown West Palm Beach, Florida. The building was purchased by Sunfest of Palm Beach County, Inc., for $1,300,000.

William B. Reichel, President successfully handled the transaction. Reichel Realty & Investments, Inc., exclusively represented the Seller, Urban Mainstream, Inc., of West Palm Beach, Florida.

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