JV Sells, Completes Renovations of Denver Adaptive-Reuse Project
- May 10, 2018
Gold Star Sausage Factory, a former facility in the heart of Denver, was sold to an undisclosed buyer in a transaction valued at $14.8 million. Pathfinder Partners acquired the 48,000-square-foot, five-building vacant property back in 2015, in a partnership with Winfield Partners LLC.
The partnership invested $7.4 million in renovations to Gold Star’s historic factory at 28th and Walnut St., in Denver’s RiNo district. Colorado-based OZ Architecture designed the multi-million-dollar renovation for the property by transforming the former sausage plant into an office and commercial space. The new adaptive-reuse development features sky-lit bow-truss roof systems, 18- to 25-foot ceilings, a rugged brick façade, as well as an outdoor plaza. Some 16,500 square feet is currently leased to two tenants, Soledi U.S. and Design Wright Studios.
Constructed in 1937, the property was originally the site of the Puritan Pie Co. Gold Star Sausage Co. acquired the asset in 1940 and continued to operate its factory at the location until 2015.
“The Gold Star building exemplifies the best that RiNo has to offer in an adaptive-reuse development project. Our revival and renovation of this 1930’s-era building was focused on staying true to the neighborhood’s roots while creating a truly unique and marquee property for the area,” Lorne Polger, senior managing director of Pathfinder Partners, said in a statement.
NAI Shames Makovsky’s Trent Rice represented the seller, while Todd Snyder worked on behalf of the buyer. According to Rice, more than 28,000 square feet is available for lease.
Image courtesy of Pathfinder Partners