Tallen & Keshen Holdings Announces Babies R Us Superstore, Starbucks Coffee & Panda Express Opening in the 182,054 Sq. Ft. Gateway Marin Retail Center in Marin County, CA

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Terrence Tallen, Co-Chairman & CEO of Tallen & Keshen Holdings and Retail Enterprise Group, Inc., the Gateway Marin co-developer, is pleased to announce that Starbucks Coffee and Panda Express have signed long-term leases at the Gateway Marin Retail Center in Marin City, CA.

Terrence Tallen, Co-Chairman & CEO of Tallen & Keshen Holdings and Retail Enterprise Group, Inc., the Gateway Marin co-developer, is pleased to announce that Starbucks Coffee and Panda Express have signed long-term leases at the Gateway Marin Retail Center in Marin City, CA. This is a part of the continued strategic re-positioning and redevelopment plan for the project, anchored by Best Buy, Ross Dress for Less, Longs Drug Store and the new Babies R Us Superstore slated to open in Spring 2005. This is Babies R Us first San Francisco/Marin area location. The 182,054 sq. ft. Gateway Marin power center is located directly off Highway 101, 4 miles north of the Golden Gate Bridge.

The Gateway Marin Retail Center was singled out in the nine county Bay area by the San Francisco Business Times as the Retail Sale of the Year Award in 2004 for the innovative acquisition structure conceptualized by Terrence Tallen of Tallen & Keshen Holdings and Walter Ross, the advisor to the Marin City Municipality, 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, a real estate investment company founded by Terrence Tallen and Anne Keshen, has offices in the San Francisco Bay area and Los Angeles and along with Blake Hunt Ventures of Danville, CA are the projects development team. Retail Enterprise Group, a wholly owned real estate services subsidiary of Tallen & Keshen Holdings, is directing the leasing and deal making efforts for the project’s repositioning strategy.

“With the pending completion of George Lucas’ Letterman Digital Arts Center in the Presidio and the increasing number of local residents and tourists commuting daily over the Golden Gate Bridge on 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. Tallen & Keshen Holdings invests in and develops retail and mixed use projects in urban infill and high growth markets in the Western United States and Florida and also works with municipalities, investors and capital groups, to re-position underperforming retail assets to maximize returns on investments and meet community needs. The company conceptualizes and implements innovative value creation plans to create successful community oriented retail environments and a vibrant tenant mix utilizing its long standing relationships and deal making experience with national and local tenants.

“We are in negotiations with a number of other national and local lifestyle and restaurant tenants that will continue to build upon our objective of meeting community needs and establish the Gateway Marin Retail Center as a community shopping destination of choice,” comments Terrence Tallen.

For information about the Gateway Marin Retail Center or to present a project opportunity, visit http://www.retailenterprisegroup.com or http://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.

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