West Palm Beach, Fla. — Reichel Realty brokered the sale of a nine-acre residential property located at 3775 North Military Trail, West Palm Beach, representing the seller, the Fred de Palma Trust. Kennedy Homes acquired the site, just north of the Oxbridge Academy Preparatory School, for $1.5 million, with plans to build a 50-unit townhome development. Reichel was sole broker in the transaction.