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 7,000sf Two-Story Mixed Use Project on Clematis Street, Downtown West Palm Beach, Florida

WEST PALM BEACH, FL - March 26, 2003 - Reichel Realty is pleased to announce the sale of 515 Clematis Street, a 7,000sf mixed-use project located in Downtown West Palm Beach, Florida. Lars Bolander of 515 Clematis LLC purchased the building for $785,000.

William B. Reichel, President successfully handled the transaction. Reichel Realty & Investments, Inc., exclusively represented the Seller, 500 Block, Inc., of West Palm Beach, Florida.

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