{"id":754,"date":"2025-07-16T17:36:42","date_gmt":"2025-07-16T17:36:42","guid":{"rendered":"http:\/\/www.agencywebdesigners.com\/?p=754"},"modified":"2025-07-17T14:32:44","modified_gmt":"2025-07-17T14:32:44","slug":"retail-center-golds-marketplace-in-wheat-ridge-acquired-for-nearly-16m","status":"publish","type":"post","link":"http:\/\/www.agencywebdesigners.com\/index.php\/2025\/07\/16\/retail-center-golds-marketplace-in-wheat-ridge-acquired-for-nearly-16m\/","title":{"rendered":"Retail center Gold\u2019s Marketplace in Wheat Ridge acquired for nearly $16M"},"content":{"rendered":"

Gold\u2019s Marketplace in Wheat Ridge has been acquired for $15.8 million by Canopy Real Estate Partners<\/a>, a commercial real estate private equity fund investing in real estate across Colorado and Arizona.<\/p>\n

The 59,000-square-foot neighborhood retail center, at the corner of 26th Avenue and Kipling Street, is 83% occupied with 17 tenants, including Illegal Pete\u2019s and Esters Neighborhood Pub.<\/p>\n

The property was purchased at $268 per square foot. <\/p>\n

\u201cWe are not just buying assets. We are building a very intentional portfolio to provide investors with a new financial product that isn\u2019t available today,\u201d said Canopy founder Jay Rollins.<\/p>\n

\"Gold's
Gold\u2019s Marketplace, located at the corner of 26th Avenue and Kipling Street, is 83% occupied with 17 tenants, including Illegal Pete’s and Esters Neighborhood Pub. (Photo provided by Canopy Real Estate Partners)<\/figcaption><\/figure>\n

A news release said Canopy partners with local real estate sponsors, providing capital and mentorship to help them become \u201cinstitutional-grade investment companies.\u201d<\/p>\n

For the Gold\u2019s Marketplace deal, the firm partnered with Denver-based CentrePoint Properties<\/a>, which acquired the retail center in May, according to Jefferson County property records.<\/p>\n

CentrePoint plans to increase rents by 15% to 25% as below-market leases expire and fill under-used space, projecting 18% to 20% internal rates of return.<\/p>\n

Built in 1960, Gold\u2019s Marketplace had served as a neighborhood grocery-anchored shopping center but had fallen into disrepair<\/a>.<\/p>\n

Previous owner Quannah Partners, a Denver-based private equity commercial real estate investment and development firm, acquired the property in February 2020.<\/p>\n