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ROYALE INVESTMENTS, INC., ANNOUNCES AGREEMENT TO BUY THIRD SUPERSTORE

 MINNEAPOLIS, Dec. 17 /PRNewswire/ -- Royale Investments, Inc., (NASDAQ: RLIN) announced today that it has signed a letter of agreement to purchase a Food-4-Less superstore in Fremont, Neb., for $3.4 million.
 Royale Investments is a Minneapolis-based real estate investment trust organized to acquire income-producing commercial real estate properties, primarily food supermarkets. It completed its initial public offering a year ago and made its initial property acquisitions in June with the purchase of two Cub Foods Stores, in Plymouth, Minn., and Indianapolis, Ind.
 The Fremont store is owned and operated by Scrivner, Inc., Oklahoma City, Okla., the nation's-third largest grocery wholesaler-distributor. It is a 53,180-square-foot full-service grocery retail facility, including pharmacy, bakery, deli, fish market, and liquor and video sales. Opened in December 1990, it is located on a 4.7-acre site serving Fremont and neighboring communities.
 Scrivner operates Rainbow Foods stores in the Minneapolis-St. Paul area through its Gateway division. It will continue to operate the Fremont store under a lease providing for net annual base rent to Royale Investments of $358,965.
 Closing of the transaction is subject to the completion of due diligence requirements and approval of the Royale Investments board of directors.
 -0- 12/17/92
 /CONTACT: Tom Langenfeld of Swenson Falker Eilertsen Inc., Minneapolis, 612-371-0000 or Vernon R. Beck of Royale Investments, Inc. 612-920-4078/
 (RLIN)


CO: Royale Investments, Inc.; Scrivner, Inc. ST: Minnesota, Oklahoma IN: REA SU:

KH -- MN010 -- 7734 12/17/92 13:54 EST
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Publication:PR Newswire
Date:Dec 17, 1992
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