Reichel Realty and Investments is pleased to announce the following sales transactions:

    /24-7PressRelease/ - BOCA RATON, FL, April 13, 2006 - Peter Filomena Managing Director of Reichel Realty and Investments, Inc. handled the sale of a 6 acre parcel on Military Trail North of 45th Street. Reichel Realty represented the Buyer, Palm Beach R.V. who paid $2,500,000 for the site.

Peter Filomena and Bill Reichel teamed up to sell a 51,000 sf industrial building in Riviera Beach, Florida. The property had previously been used as a distribution facility for a furniture retailer. Property sold for $3,350,000.

Jim Tornabene, Associate and Bill Reichel, President handled the sale of 1650 N. Military Trail a 18,500 sf retail center located in West Palm Beach, Florida. Reichel Realty and Investments, Inc. exclusively represented the Seller NCM Leasing Co. who received $3,325,000 for the property.

Mr. Tornabene and Mr. Reichel also handled the sale of a 2.6 acre parcel on Gun Club Road west of Military Trail in West Palm Beach. Reichel Realty and Investments exclusively represented the Seller, Huzi LLC who received $800,000 for the property.

Fred Faulkner, Sr. Associate handled the sale of 1320 Alpha Street an 8,000 sf building in West Palm Beach, Florida. Reichel Realty and Investments exclusively represented the Seller, Alpha Street properties who received $1,100,000 for the property.

Mr. Faulkner also handled the sale of a 17,000 sf lot on Tamarind Avenue and Datura Street in West Palm Beach, Florida. Reichel Realty and Investments exclusively represented the Seller, Simonson - who received $1,000,000 for the land.

Mr. Faulkner also handled the sale of 114 S. Olive in downtown West Palm Beach, Florida. The 11,000 sf historic building sold for $1,250,000 to Mr. George Heaton etal.

Fred also handled the sale of 921 Fern Street a 4 unit complex which sold for $400,000 and 2036 N. Dixie Highway an 11 unit complex which sold for $815,000 in West Palm Beach, Florida. Reichel Realty and Investments exclusively represented the Seller in this transaction.

William B. Reichel, President handled the sale and purchase of 1209 S. Military Trail, a 50,000 sf retail center in West Palm Beach, Fl. Reichel Realty and Investments represented the Buyer, Summit Commons LLC and has been retained to handle the leasing, management, rehabilitation and condo conversation of this project. Summit Commons LLC paid $5,250,000 for the project.

Bill Reichel also handled the sale of the 2030 S. Congress Avenue in Palm Springs, FL. The property sold for 3,120,000 to G-Star School of the Arts. The Seller was Palm Beach County. Reichel Realty represented the Buyer.


Mary Beardsley
Executive Assistant
Reichel Realty and Investments, Inc.
8845 North Military Trail, Ste. 100
Palm Beach Gardens, Florida 33410
(561) 478-4440, Fax: (561) 478-4442
[email protected]
http://www.reichelrealty.com

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