Bank of America Launches Newly Branded Prototype Retail Banking Location in Tallen & Keshen Holdings Development in Fairfield, CA

Napa Tahoe Specialty Retail Development, LLC, a company owned by Tallen & Keshen Holdings and Heller Realty and Development is pleased to announce it has negotiated a long term ground lease with Bank of America to locate its new prototype retail banking facility within the Napa Tahoe retail development project in Fairfield, CA.

(PRWEB) June 16, 2004 -- Napa Tahoe Specialty Retail Development, LLC, a company owned by Tallen & Keshen Holdings and Heller Realty and Development is pleased to announce it has negotiated a long term ground lease with Bank of America to locate its new prototype retail banking facility within the Napa Tahoe retail development project in Fairfield, CA.

The multi-tenant retail project now under construction is located in the high growth corridor of Solano County at the I-80 and 680 intersection between the San Francisco Bay area and Sacramento, having a traffic count of over 200,000 cars per day. The demographics of Fairfield are outstanding and a wide range of retailers and consumer oriented companies are presently looking for good locations to serve the growth in this market", comments Ana Rimkus, Vice President of Leasing and Client Services at Tallen & Keshen Holdings and Retail Enterprise Group, Inc.

The strategic objectives of Tallen & Keshen Holdings and its investment arm, Retail Enterprise Group, Inc., is to create value through the acquisition, development and re-development of retail assets to meet the strategic location objectives of its wide range of retail tenant relationships, serve community needs and generate a strong return on investment.

Tallen & Keshen Holdings, based in Los Angeles, California, and its investment subsidiary, Retail Enterprise Group, Inc., invests in retail projects in California, Florida and the Mountain States (through a wholly owned subsidiary High Desert Investments, LLC) and combines its long standing national retail tenant relationships, value creation and asset management expertise to create successful community oriented retail environments. The company has extensive project experience in municipality venturing, capital partner value creation, acquisition and development, managing the legal and asset management processes and the strategic re-tenanting and leasing of new and underperforming retail projects; including food and drug anchored centers, lifestyle, outlet and entertainment projects, live, work, play" developments, single tenant buildings and out parcels. The company also has offices in Marin County, California and Portland, Oregon with a project office in Santa Fe, New Mexico to serve a broad range of its development projects and client services engagements.

For more information about the Napa Tahoe retail project, please contact Ms. Ana Rimkus at 866 346 3734 or arimkus@retailenterprisegroup.com or visit our website at www.retailenterprisegroup.com. To submit acquisitions or redevelopment opportunities, contact Mr. Terrence Tallen, CEO of Tallen & Keshen Holdings at ttallen@retailenterprisegroup.com.