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 Two Leases for the Professional Building in Downtown West Palm Beach, Florida

WEST PALM BEACH, FL - May 1, 2003 - Reichel Realty is pleased to announce the lease of two retail spaces at The Professional Building located at 310 S. Dixie Highway, Downtown West Palm Beach, Florida. George & Lisette Whittaker, owners of Now Picture This leased 750 sf of retail space for a (5) five-year term valued at $56,250. James Scianno & Kristie McDonald, owners of The Purple Lotus leased 750 sf of retail space for a (5) five-year term valued at $59,350. The project is now 100% leased.

Fred Faulkner III, Associate successfully handled these transactions. Reichel Realty & Investments, Inc., exclusively represents the Landlord.

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