Tallen & Keshen Holdings, West Coast based retail real estate investment and development company, is pleased to announce that it has completed the repositioning and adaptive re-use of the former Infiniti dealership in Marin County, CA into a retail location, after Infiniti relocated to a new Marin County location.
(PRWEB) June 15, 2005 -- Tallen & Keshen Holdings, West Coast based retail real estate investment and development company, is pleased to announce that it has completed the repositioning and adaptive re-use of the former Infiniti dealership in Marin County, CA into a retail location, after Infiniti relocated to a new Marin County location.
"The key to accomplishing a strategy to redeploy non-traditional, but well located properties into retail projects, is to leverage the visibility and access of the property, in this case on Highway 101 between the Golden Gate Bridge and the wine country, and to effectively work with the municipality, lenders, sub-lessees and adjacent property owners to effect a win-win outcome," comments Terrence Tallen and Anne Keshen, Tallen & Keshen Holdings principals.
"In this instance, our relationships with credit retailers in structuring the most beneficial uses and lease terms were actually secondary to striking the right balance to transition the property," comments Terrence Tallen. "A successful adaptive re-use plan requires building consensus among the parties, local municipalities and lenders, so that all parties are on board with the value added opportunity and assessment of risk in transitioning these assets," further comments Mr. Tallen and Ms. Keshen. "With the control lenders have in approving new uses and leases, particularly in the case of conduit loans, it is imperative that you bring the lender's representative and asset managers into the decision making process at an early stage."
Tallen & Keshen Holdings strategic business objective is in creating high yield returns on investments through the acquisition, development and re-development of properties, employing innovative value creation plans that meet the roll out objectives of the company's long standing retailer relationships and are responsive to community needs.
Tallen & Keshen Holdings, with offices in Los Angeles and Marin County, CA, is engaged in the strategic re-tenanting, development and re-positioning of new and underperforming retail assets; including food and drug anchored centers, urban infill, lifestyle, outlet and entertainment projects as well as mixed use developments with a retail component. Among other San Francisco Bay area projects, Tallen & Keshen Holdings are the co-developers and have spear headed the repositioning and new tenant mix at The Gateway Marin Retail Center, a 182,054 sq. ft. power center in Marin City/Sausalito and have also just completed their new Napa Tahoe Shopping Center Development in Fairfield, now 100% leased.
Tallen & Keshen Holdings is also re-positioning the former Land Rover dealership located at 647 Irwin Street in San Rafael, CA in Marin County, vacated by the dealer when they consolidated the Aston Martin, Jaguar and Land Rover dealerships into a single location in Central Marin County. The property is a free standing 12,495 SF building with ample parking and visibility and is now seeking a retailer for the project. The site is located next to Comp USA and Staples and is adjacent to the new Best Buy store slated to open in San Rafael in 2007.
For more information about this project or to submit an acquisition opportunity, please visit our website at www.TallenKeshenHoldings.com or contact Mr. Terrence Tallen at ttallen@retailenterprisegroup.com or Ms. Linda Sturdevant at linda@retailenterprisegroup.com or call our toll free number at (877) 777-5450.
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