Tallen Capital Partners and Citivest Name Cushman & Wakefield Exclusive Leasing Broker for Walnut Creek’s Historic Rossmoor Shopping Center
Walnut Creek, CA (May 14, 2018) – James Chung, Marissa Organo and Nicole Lyon of Cushman & Wakefield have been named exclusive leasing brokers for Rossmoor Shopping Center announced Tallen Capital Partners (TCP) and Citivest Commercial Investments, LLC (CCI) of Rossmoor Retail Partners, LLC. This prominent Northern California retail leasing team will spearhead the leasing efforts for the Rossmoor Shopping Center currently undergoing dramatic redevelopment in Walnut Creek.
“We are delighted to be working with Cushman & Wakefield’s James, Marissa and Nicole on the lease up of this much-anticipated redevelopment project,” said Terrence Tallen, CEO, TCP. “We have worked with James Chung over the years and his team brings a fresh perspective, expertise and valuable relationships to the value-creation process.”
The phased redevelopment of this community center includes a refreshed facade for Safeway, a new prototypical CVS Pharmacy and Starbucks, both with drive-thrus; planned upscale salons, community-serving retail and services and new restaurants. The revived center will be dotted with plazas for friends and family gatherings, numerous bike racks, a new on-site bus stop, hundreds of new trees, lush plantings, beautiful lighting, ample parking and more.
“We’re honored to have been selected as the exclusive leasing team for this innovative and groundbreaking project,” said James Chung, executive managing director and managing principal, western region retail, Cushman & Wakefield. “We have no doubt Rossmoor will attract top-tier retailers who will benefit from the first-class environment our friends at Citivest and Tallen Capital Partners have created.”
About Tallen Capital Partners, LLC
Tallen Capital Partners, LLC, specializes in repositioning retail and mixed-use properties and invests in value-added properties located in high growth corridors with high barriers to entry. The firm is led by Terrence Tallen, a 30-year veteran in retail real estate development and investment industry and one of the West Coast’s leading retail acquirers, investors and developers. TCP is currently redeveloping the Marina Landings Shopping Center in Marina, CA which is currently being repositioned into a mixed-use 180-unit multi-family and retail project that includes the only Walmart to be developed on the Monterey Peninsula.
About Citivest Commercial Investments
Citivest is a full service real estate investment company specializing in adding value and achieving excellent returns for its investors through strategic acquisitions, ground-up development, and property repositioning, including renovation, leasing, and management improvements. Dwight Belden, chief operating officer, directs the operational and transactional activities of the firm’s projects with more than 30 years of development and investment experience in the Western United States.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm with 45,000 employees in more than 70 countries helping occupiers and investors optimize the value of their real estate. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment and asset management (DTZ Investors), project and development services, tenant representation, and valuation and advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
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