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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 1.52 Acres in West Palm Beach, Florida.

WEST PALM BEACH, FL - September 10, 2002 - Reichel Realty is pleased to announce the sale of 1.52 Acres at the southwest corner of Cherry Road and Military Trail in West Palm Beach, Florida. The property was purchased by Flagler Realty, Inc., for $1,280,000. The parcel will be developed as a freestanding Eckerd Drug Store.

Douglas L. DeSantis, Broker/Associate successfully handled the transaction. Reichel Realty & Investments, Inc., exclusively represented the Buyer.

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