Los Angeles, CA (PRWEB) November 1, 2005
Tallen & Keshen Holdings principals, Terrence Tallen and Anne Keshen, announced today that they have acquired a 91,000 sf retail center situated on 7.8 acres for redevelopment on the historic Monterey Peninsula in Marina, CA, adjacent to the Ft. Ord army base new redevelopment, the locale of several of California’s highest growth planned new residential communities.
“The much anticipated housing boom on the Monterey Peninsula due to the re-development of Ft. Ord and the considerable migration of families, retirees and tourists who want to live or spend time along the beautiful Monterey Peninsula, creates a strong and sustained demand for a variety of retail uses in both Monterey County and the Marina community,” comments Terrence Tallen and Anne Keshen, the project owners and re-developers.
“Much of the local community in Marina is underserved from a retail perspective and with the extraordinary growth of Ft. Ord’s new residential developments and the nationally well respected home building organizations constructing over 4,000 new homes in the immediate area, our project is well positioned to accommodate a variety of new retail tenants who want to enter the market or expand their prototypes. Very importantly, we are also poised to move forward expediently to refurbish the existing building, thereby greatly reducing the long lead time most projects have,” further comments Ms. Keshen and Mr. Tallen.
The property named the Gateway Marina at Monterey Bay is located at 150 Beach Road off Hwy 1 and Reservation Road at the Gateway to the Monterey Peninsula in Marina, CA, approximately 6 miles from the city of Monterey and 12 miles from Carmel and Pebble Beach. Marina is located on Monterey Bay, 108 miles south of San Francisco, 355 miles north of Los Angeles and approximately 40 miles south of San Jose.
Tallen & Keshen Holdings plans to immediately enhance the appearance of the property and the large parking area, which sits on 7.8 acres and will evaluate a number of re-development options at the site, which may include developing the property as a multi-tenant project or with one user. “We are only beginning to assess retailer interest in the property,” comments Mr. Tallen and Ms. Keshen, “however, we are receiving a strong degree of interest, now that an ownership group with our background and experience is in place and prepared to move forward,” comments Tallen and Keshen.
Tallen & Keshen Holdings is a retail and mixed use development and investment company with offices in Los Angeles and Marin County, CA. The company is experienced in the value added development, repositioning and re-development of retail properties. The company has a track record in creating retail projects that generate significant returns on investment, while meeting community needs and satisfying the store location objectives of its diverse and long standing retailer relationships.
For more information about the Gateway Marina at Monterey Bay, Tallen & Keshen Holdings, Please visit our website at
http://www.tallenkeshenholdings.ocm
call 415.380.8776
or toll free at 1.877.777.5450
###