Tallen & Keshen Holdings announces Babies R Us Superstore coming to Gateway Marin Retail Center in Marin County, CA as part of a strategic redevelopment plan

Terrence Tallen, Co-Chairman & CEO of Tallen & Keshen Holdings and Retail Enterprise Group, Inc. announced today that Babies R Us Superstore has signed a long-term lease at the Gateway Marin Retail Center in Marin City, CA, kicking off the strategic re-positioning and redevelopment plan for the project, anchored by Best Buy, Ross Dress for Less, Longs Drug Store and Outback Steakhouse.

(PRWEB) August 25, 2004 -- Terrence Tallen, Co-Chairman & CEO of Tallen & Keshen Holdings and Retail Enterprise Group, Inc. announced today that Babies R Us Superstore has signed a long-term lease at the Gateway Marin Retail Center in Marin City, CA, kicking off the strategic re-positioning and redevelopment plan for the project, anchored by Best Buy, Ross Dress for Less, Longs Drug Store and Outback Steakhouse.

Babies R Us has entered into a long term lease and is taking the space currently occupied by Linens N Things (LNT), as we successfully negotiated a lease termination with LNT in order to make room for the Babies R Us Superstore opening in the Spring of 2005", comments Tallen, who conducted the negotiations with both Tenants and is the co-developer spearheading the re-development of the 182,000 square foot shopping center. This is one of the first Babies R Us stores in Northern California and will bring an expanded shopper base to the project from throughout Marin and Sonoma Counties as well as the Marina district in San Francisco," Tallen further commented.

The Gateway Marin Retail Center was recently awarded the 2004 San Francisco Business Times Retail Sale of the Year Award for the innovative acquisition structure conceptualized by Terrence Tallen, Tallen & Keshen Holdings and the advisor to the Marin City Municipality, Mr. Walter Ross, in marrying" the long term benefit of project ownership for the residents of Marin City with the capital and performance of Bay Area Smart Growth and Pacific Coast Capital Partners. Tallen & Keshen Holdings, with offices in Los Angeles and Marin County, CA, Portland, OR and Santa Fe, NM and Blake Hunt Ventures of Danville, CA are the projects co-development team and Retail Enterprise Group, a subsidiary of Terrence Tallen and Anne Keshens company is the leasing and deal making group for the projects repositioning strategy.

With the extensive amount of new development in the Presidio, the number of local residents and tourists commuting daily over the Golden Gate Bridge and the 101, the Gateway Marin Retail Center is uniquely positioned to attract an expanded shopper base and provide enhanced retail and dining options to the Southern Marin County community," comments Anne Keshen, Co-Chairman of Tallen & Keshen Holdings. We invest in and develop projects in markets with diverse demographics and growth trends, in conjunction with local municipalities, investors and capital groups, to re-position or develop retail assets, underperforming properties and raw land that generate strong returns on investment and meet community needs. We conceptualize and execute innovative value creation plans and bring immediate attention to each project we undertake and the local market based upon our long standing relationships with national and local retailers," comments Keshen, an attorney by training.

We are presently negotiating with a number of other well known national and local lifestyle and restaurant tenants that will continue to build upon our objective to meet local community needs and establish the Gateway Marin Retail Center as a community shopping destination of choice", comments Terrence Tallen and Ana Rimkus, Vice President of Leasing for Tallen & Keshen Holdings / Retail Enterprise Group, Inc.

For information about the Gateway Marin Retail Center, go to www.retailenterprisegroup.com or www.tallenkeshenholdings.com or contact Mr. Terrence Tallen, Co-Chairman, Tallen & Keshen Holdings at (415) 905-8840; toll free (877) 777-5450 or via email at ttallen@retailenterprisegroup.com.