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CDK Realty Advisors Acquires an Interest in Omaha Shopping Center 11/30/2005

On behalf of three of its institutional clients CDK Realty Advisors has completed the acquisition of an interest in Village Pointe Shopping Center in Omaha, Nebraska.  CDK’s clients will own the center in conjunction with the RED Development, the original developer of the property.  This will be the fourth transaction with RED Development and is a prime example of CDK’s investment strategy of Strategic Partnering. 

Village Pointe, located on 78 acres with 572,000 sq. ft. of retail shops is an example of the new direction of retail shopping – the Lifestyle Center.  Anchor tenants include Scheels All Sports, Bed Bath & Beyond, Best Buy, Douglas Theaters and Wild Oats Natural Market.  Other tenants include Coach, J Crew, Apple, Banana Republic, Gap and a host of national and regional tenants.