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CDK Realty Advisors Joins RED Development in Joint-Venture Development 3/1/2005

On behalf of one of its institutional clients CDK Realty Advisors has completed a joint-venture development agreement with RED Development for development of The Legends, a Lifestyle/Entertainment shopping center in Kansas City, Kansas.

The Legends, a planned development of approximately 800,000 square feet on 73 acres, is part of mixed-use Entertainment District conceived and funded by Kansas City, Wyandotte County and the state of Kansas.  Located within the single largest tourist attraction in the state of Kansas, The Legends will be surrounded by major destinations - including leading outdoor retailer Cabela's, Nebraska Furniture Mart, CommunityAmerica Ball Stadium for The Kansas City T-Bones, the Great Wolf Lodge and the NASCAR Kansas Speedway. The Legends will sit at the epicenter of a tourism district drawing potential customers from as far as 350 miles away. The Entertainment District is expected to serve over 10 million people annually.

The Legends is a prime example of the new trend in shopping center development which combines entertainment, restaurants and shopping in an open-air setting to provide a unique shopping experience for consumers.  Tenants include such names as Ann Taylor, Cavendar’s, Coyote Ugly, Dave & Busters, Cheeseburger in Paradise, Outback Steakhouse, Fossil, Mikasa, adidas, Ted’s Montana Grill and Nike.  For a complete list of tenants and additional information please visit RED Development’s website.

The Legends is the third Lifestyle shopping center that CDK Realty Advisors have partnered with RED Development.  The other centers are Greenway Station a 350,000 square foot Lifestyle shopping center located in Madison, Wisconsin and Jefferson Pointe a 550,000 square foot Lifestyle shopping center located in Ft. Wayne, Indiana.