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 1,300 sf Lease in North Palm Beach, Florida.

WEST PALM BEACH, FL - June 1, 2003 - Reichel Realty is pleased to announce the lease of 1,300 sf of restaurant space located at the North Palm Beach Winn Dixie Plaza, 11249 U.S. Highway One in North Palm Beach, Florida to Big Apple Pizza & Pasta. Big Apple Pizza & Pasta is planning to expand their business in the North Palm Beach area and they have committed to a (10) ten-year lease term. The lease is valued at $275,000.

Douglas L. DeSantis, P.A., Broker/Associate successfully handled the transaction. Reichel Realty & Investments, Inc., exclusively represented the Tenant.

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