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ROYALE INVESTMENTS, INC., ANNOUNCES AGREEMENT TO BUY STORE IN WISCONSIN

 MINNEAPOLIS, Jan. 29 /PRNewswire/ -- Royale Investments, Inc., (NASDAQ: RLIN) announced today that it has signed a letter of intent to purchase a newly remodeled and expanded Sentry supermarket in Glendale, Wis., a Milwaukee suburb, for $1.7 million.
 Royale Investments is a Minneapolis-based real estate investment trust organized to acquire food-related income-producing properties, primarily supermarkets. It made its initial property acquisitions in June with the purchase of two Cub Foods Stores, in Plymouth, Minn., and Indianapolis, Ind.
 The Glendale store -- a 36,300-square-foot full-service supermarket, is owned and operated by a division of the Fleming Companies, the nation's second-largest grocery wholesaler-distributor. The division will continue to operate the store under a lease guaranteed by the Fleming Companies.
 Closing of the transaction is subject to the execution of a definitive agreement, which in turn is contingent upon completion of a secondary offering planned by Royale Investments and the approval of Royale's board of directors.
 -0- 1/29/93
 /CONTACT: Tom Langenfeld of Swenson Falker Eilertsen Inc., 516-371-0000 or Vernon R. Beck of Royale Investments, Inc. 612-920-4078/
 (RLIN)


CO: Royale Investments, Inc. ST: Minnesota IN: FIN SU:

KH -- MN013 -- 0941 01/29/93 16:46 EST
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Publication:PR Newswire
Date:Jan 29, 1993
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