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CDK Realty Advisors Acquires Property in Dallas 10/1/2006

On behalf of one of its institutional clients CDK Realty Advisors has completed the acquisition of a value-added investment adjacent to the Baylor Medical Center, just east of the Dallas central business district. This acquisition was purchased as a joint venture with Greenway Investment Company.

The site, located at the corner of Haskell and Gaston, contains 5.3 acres of land with eleven retail buildings - a total square footage of 37,000 square feet. The continuing expansion of Baylor Medical Center, the gentrification of existing housing stock and the development of new upscale housing in the surrounding market offers an opportunity for changing the use and layout of the existing retail center to include new retail, multifamily, medical, office, and townhomes.

Greenway Investment Company is a Dallas based real estate. The company, established in 1977, concentrates its efforts on value-added opportunities in Austin, Dallas, Houston and San Antonio.