Denver-based Quannah Partners, a private equity commercial real estate investment and development firm, today announced the successful sale of Gold’s Marketplace, a 58,903-square-foot neighborhood retail center located at 26th Avenue and Kipling Street in Wheat Ridge, Colorado. The 3.5-acre property was acquired by CentrePoint Properties.
Originally constructed in 1960, Gold’s Marketplace had long served as a neighborhood shopping center but had fallen into disrepair. Quannah Partners acquired the property in February 2020, recognizing the opportunity to reposition the site as a modern, community-oriented destination.
“Gold’s Marketplace was a meaningful opportunity to invest in a property with strong community roots and bring it back to life in a way that both respected its history and created long-term value,” said Bobby Ghiselli, Partner at Quannah Partners. “We’re proud of the collaborative effort behind this transformation, from our partners and tenants to the City of Wheat Ridge, and we are excited to see the center continue to thrive under its new ownership.”
Quannah Partners implemented a comprehensive value-add redevelopment strategy, including a full exterior renovation of the buildings, upgrades to the parking lot and site infrastructure, refreshed signage, and support for customized tenant buildouts. The former Gold’s Grocery space—once a longtime anchor of the community—was reimagined to accommodate multiple new tenants, including Illegal Pete’s, Dogtopia and Station Dental. The space also includes a locally owned bowling alley and brewery constructed below the main floor, complete with newly built upper and lower patios that serve both entertainment and dining uses. Quannah Partners received the Revitalization Award from the City of Wheat Ridge in 2022 for their work at Gold’s Marketplace.
Leasing efforts at Gold’s Marketplace were led by JLL’s Sam Zaitz and Lorenzo Harris, whose strategic approach over the past five years played a critical role in curating a dynamic and complementary tenant mix. Today, the center is fully leased to 17 diverse tenants, including Queen City Roasting Company, Esters Neighborhood Pub, Em’s Ice Cream and Rich Spirit Bagels, along with a range of businesses spanning retail, wellness, pet care and community services. “Lorenzo and Sam were instrumental in shaping the unique tenant ecosystem at Gold’s,” said Ghiselli. “Their insight and dedication contributed significantly to the center’s long-term success.”
“The Wheat Ridge Urban Renewal Authority and Renewal Wheat Ridge have been extremely pleased with its partnership with Quannah Partners over the past several years,” said Steve Art, Economic Development Manager and Urban Renewal Executive Director for the City of Wheat Ridge. “This unique center has become a hub for Wheat Ridge’s southern edge, and we look forward to working with the new owners to continue to support the project’s success and that of its thriving tenant base.”
