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 24,196 sf Lease for Adelphia Communications Corporation

WEST PALM BEACH, FL - June 20, 2003 - Reichel Realty is pleased to announce the lease of 24,196 sf of warehouse/office space at 2656 Electronics Way, West Palm Beach, Florida. The space was leased to Adelphia Communications Corporation. The lease has a (5) five-year term and is valued at $819,083.

Edward A. Kearney, Broker/Associate successfully handled the transaction. Reichel Realty & Investments, Inc., exclusively represented the Landlord, Rudy Silc of West Palm Beach, Florida.

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