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FOR IMMEDIATE RELEASE CONTACT: Reichel Realty successfully completes Sale of 10.91 ± Acre Parcel in Lake Worth, Florida. WEST PALM BEACH, FL - December 19, 2002 - Reichel Realty is pleased to announce the sale of a commercial parcel of land located at the corner of Lantana Road and Lyons Road in Palm Beach County, Florida. The parcel totals approximately 10.91 acres and will be developed into an Albertson's-anchored strip shopping plaza. The property was sold to Slabbage Group, Inc., for $2,750,000. Reichel Realty & Investments, Inc., acted as the transactional Broker. Christopher F. Fleming, Sr. Broker/Associate handled the transaction. Hans C. Kahlert, individually, and Karl A. Kahlert and Herbert F. Kahlert, as Co-Trustees, were the Sellers. Reichel Realty has been retained by the Buyer/Developer to exclusively handle the lease up of the local stores in the Plaza. ### Commercial Real Estate Expertise for Today's Market
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