Monterey, California (PRWEB) March 10, 2010
California Coastal Communities in the 21st Century will continue to face a scarcity of available commercial land for new development to serve the diverse shopping needs of their local communities and visitors.
A premiere California commercial coastal development opportunity has just gone on the market, comprising almost 7 acres and located in Marina, California, just two blocks from the Historic Monterey Bay & Dunes on the Monterey Peninsula. In addition to the Peninsula's vibrant population base, the area attracts more than 8 million visitors annually.
The property is the second phase of the Marina Landing shopping center and is an outstanding infill commercial development site, strategically situated at the Gateway to the renowned Monterey Peninsula on the way into Monterey, Pebble Beach and Carmel. The first phase includes Walmart, the nations' largest and most-successful retailer.
This unique site is owned by the principals of Tallen & Keshen Holdings, Terrence Tallen and Mary Anne Keshen, Esq., San Francisco and Los Angeles private investors with a highly regarded track record in the acquisition, entitlement, value creation and redevelopment of new and under-performing retail properties in CA and the Southwest.
In 2005, Tallen & Keshen Holdings purchased and redeveloped a closed Kmart project in Marina Landing and opened in record time the Monterey Peninsula's first Walmart store, which serves the diverse resident and visitor demographics of the Monterey Peninsula and surrounding trade area.
Tallen & Keshen Holdings has hired industry leader CB Richard Ellis' retail investment sales group in Los Angeles to market and sell the property. The CBRE team in Northern, CA is handling project leasing.
For purchase information, contact Sam Alison of CBRE at 818.907.4727; and, for leasing contact Rick Shaffer at 408.453.7430.
For information about Tallen & Keshen Holdings and their investment and venture criteria, contact Allyssa Van Ness at 415.820.1440.