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 7,200sf Two-Story Historic Commercial/Residential Building on Clematis Street, Downtown West Palm Beach, Florida

WEST PALM BEACH, FL - April 1, 2003 - Reichel Realty is pleased to announce the sale of a 7,200 sf two-story historic commercial/residential project located at 529-531 Clematis Street in Downtown West Palm Beach, Florida. The building was purchased by Costigan Holdings, Inc., for $830,000.

William B. Reichel, President successfully handled the transaction. Reichel Realty & Investments, Inc., exclusively represented the Seller, Spatial Patterns, Inc., of West Palm Beach, Florida, a Lawrence Corning entity.

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