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ROYALE INVESTMENTS SIGNS AGREEMENT TO PURCHASE WISCONSIN SUPERMARKET

 MINNEAPOLIS, Sept. 23 /PRNewswire/ -- Royale Investments, Inc.,(NASDAQ: RLIN) announced today that it has signed a definitive agreement to purchase a newly remodeled and expanded Sentry supermarket in Glendale, Wis., from the Godfrey Company, a wholly owned unit of the Fleming Companies, (NYSE: FLM) for $1.7 million.
 The Glendale store is one of four supermarkets that Royale plans to acquire during 1993. The company completed a public offering of 710,000 shares of common stock at the close of the second quarter, receiving more than $6 million in proceeds that will be combined with new mortgage financing to purchase the additional properties.
 Royale has signed a letter of intent with Godfrey for the purchase of a 40,000-square-foot Sentry store in Oconomowoc, Wis. It has also signed letters of intent with Nash Finch Company for two recently completed stores -- a 44,300-square-foot warehouse-style supermarket in Peru, Ill., and a 46,000-square-foot conventional supermarket in Minot, N.D.
 Vernon R. Beck, Royale's chief executive officer, said the company expects to complete the Glendale purchase before the end of September. The other transactions are expected to close in October, he said.
 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 1992 with the purchase of two Cub Foods Stores, in Plymouth, Minn., and Indianapolis, Ind.
 -0- 9/23/93
 /CONTACT: Tom Langenfeld of Swenson Falker Associates, 612-371-0000, for Royale Investments; or Vern R. Beck of Royale Investments, 612-920-4078/
 (RLIN FLM)


CO: Royale Investments, Inc.; Fleming Companies ST: Minnesota, Wisconsin IN: FIN SU: TNM

DB-KH -- MN006 -- 5306 09/23/93 14:59 EDT
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Publication:PR Newswire
Date:Sep 23, 1993
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