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 1.25+/- Acre Bank Pad Site in Palm Beach Gardens, Florida

WEST PALM BEACH, FL - June 9, 2003 - Reichel Realty is pleased to announce the sale of a 1.25+/- Acre Bank Pad Site located at the northeast corner of Northlake Boulevard and MacArthur Boulevard in Palm Beach Gardens, Florida. The property was purchased by First National Bank and Trust Company of the Treasure Coast for $900,000.

Edward A. Kearney, Broker/Associate successfully handled the transaction. Reichel Realty & Investments, Inc., exclusively represented the contract holder on the property, Sundown Development & Realty, Inc., of Jupiter, Florida.

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