Tallen & Keshen Holdings Announces Record Time Frame for the Opening of its Wal-Mart Anchored Project on the Monterey Peninsula on November 8, 2006
Tallen & Keshen Holdings announces record time frame for Wal-mart Grand Opening in its Monterey Peninsula Redevelopment. Tallen & Keshen Holdings revitalized this long standing vacant shopping center in one year, resolving land use, entitlements and the redevelopment, negotiating a long term lease with Wal-mart.
Los Angeles, CA (PRWEB) November 7, 2006 -- Terrence Tallen and Anne Keshen, the owners and principals of retail development company Tallen & Keshen Holdings, are pleased to announce that Wal-mart's first store on the Monterey Peninsula is opening at their new re-development project in Marina, CA on November 8, 2006. The project opening is only one year after the company acquired and turned around this long vacant shopping center.
Tallen & Keshen Holdings, a retail and mixed use development company with offices in Los Angeles and Marin County, CA, completed in record time the land use, permitting and re-development of the 8 acre project and removed the blight of the empty big box shopping center that had been vacant for almost 6 years. The company engaged its land use and permitting experience, innovative value added development expertise and its track record in bringing demographically suited retailers to communities, successfully negotiating a long term lease with Wal-mart for the project.
The Marina Wal-mart store is one of the most expedited time frames for a Wal-mart store opening in its West coast portfolio and is a "win-win" for the community. "We are pleased that the capital we invested in Marina, the risk we took and the value we added to the project have resulted in the creation of new jobs, expanded sales tax revenue and enhanced shopping options for Marina residents," comments Anne Keshen, Tallen & Keshen Holding's co-founder and principal.
"Turning around this previously blighted project and successfully negotiating a long term lease with a demographically well suited retailer for Marina residents, has required the collective effort of a number of talented and tenacious people. We are delighted to see the store open by the Holiday shopping season," comments Terrence Tallen, Tallen & Keshen Holdings' co-founder and principal.
"Wal-mart being welcomed to the Marina community is a positive for everyone. The national press highlights so much of the opposition Wal-mart proposed store openings receive, particularly in urban and CA locations, and Tallen & Keshen Holdings is delighted to have been the economic and development catalyst for a successful collaboration in Marina and this highly anticipated Wal-mart store opening on the West coast," comments Ms. Keshen and Mr. Tallen.
Tallen & Keshen Holdings is a privately owned retail and mixed use development company with expertise in value added retail development and redevelopment. Tallen & Keshen Holdings is an owner and developer of projects throughout the West Coast and Florida. The company is at the forefront of entrepreneurial retail value creation and development, with expertise in entitlements, structuring "win-win" projects that generate strong returns on investment and meet both the location criteria of their long standing retailer relationships as well as local community needs.
www.tallenkeshenholdings.com
1.877.777.5450
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