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 Prime Commercial Building, West Palm Beach, Florida

WEST PALM BEACH, FL - April 11, 2003 - Reichel Realty is pleased to announce the sale of a 25,558+/- sf Prime Commercial Building located at 2017 S. Dixie Highway & 500 Biscayne Drive Avenue in West Palm Beach, Florida. The property consists of an Automotive Dealership, Car Lot Office, and Paint/Body Shop, formerly known as CityPlace Mazda. Lemae Realty Corporation purchased the property for $2,000,000.

William B. Reichel, President successfully handled the transaction. Reichel Realty & Investments, Inc., exclusively represented the Seller, Stewart Pontiac Company, and Earl D. Stewart, Jr., of Lake Park, Florida.

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