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 Two Office Condos in Riviera Beach, Florida

WEST PALM BEACH, FL - April 15, 2003 - Reichel Realty is pleased to announce the sale of two Office Condos located at Super Eight Shoppes, 4152 Blue Heron Boulevard in Riviera Beach, Florida. Robert Preston of Lake Worth, Florida purchased the Office Condominiums for $275,000.

Richard S. Kaufman, CCIM, Sr. Vice President, successfully handled the transaction. Reichel Realty & Investments, Inc., represented the Seller, Conrad W. Schaefer, Trustee of North Palm Beach, Florida.

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