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ROYALE INVESTMENTS BUYS TWO CUB FOODS STORES

 ROYALE INVESTMENTS BUYS TWO CUB FOODS STORES
 MINNEAPOLIS, June 25 /PRNewswire/ -- Royale Investments, Inc.,


(NASDAQ: RLIN) announced today that it has completed the purchase of two new Cub Food Stores from Super Valu Stores, Inc. (NYSE: SVU), for a combined price of approximately $10 million.
 The stores are in Plymouth, Minn., and Indianapolis, Ind.
 Royale said approximately $5.2 million of the price was provided by proceeds from the company's initial public offering, which was completed in December. American United Life Insurance Company provided $4.8 million in first mortgage financing.
 Royale Investments is a Minneapolis-based real estate investment trust organized to acquire income-producing commercial real estate properties, primarily discount food superstores.
 The two Cub Food Stores are the companies initial property acquisitions.
 -0- 6/25/92
 /CONTACT: Tom Langenfeld of Swenson Falker, 612-371-0000, for Royale Investments; or Vernon R. Beck of Royale Investments, 612-920-4048/
 (RLIN) CO: Royale Investments, Inc.; Super Valu Stores, Inc. ST: Minnesota; Indiana IN: REA FIN SU: TNM


AL -- MN015 -- 4006 06/25/92 17:55 EDT
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Publication:PR Newswire
Date:Jun 25, 1992
Words:171
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