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CDK Realty Advisors Joins Local Developer in Redevelopment 6/1/2005

On behalf of one of its institutional clients CDK Realty Advisors has completed a joint-venture agreement with a local development group, Reeder & Smith, for the conversion of a two story warehouse building into residential lofts.  The building, formerly a testing facility for the FDA, is strategically located between downtown Dallas and the Baylor University Medical Center which provides medical services for over 300,000 patients annually.  Two stories will be added to the building which when complete will offer 38 for-sale loft units with spectacular views of downtown Dallas.