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Christopher Gibson Gibson: “While the tenant is responsible for the majority of the oversight, the landlord still maintains the ability to approve plans and signage and the general contractor contract and can monitor and inspect construction progress and control the release of payments.”

SAN DIEGO—Incoming tenants at the former Gold Star Sausage Co. factory site in Denver are being offered a generous allowance in improvements and finishes, thanks to owner San Diego-based Pathfinder Partners. As we previously reported, Pathfinder acquired the property, 2800 Walnut in Downtown Denver’s RiNo (River North) district, in 2015 and adapted the 65-year-old, 47,000-square-foot structure for its new use as a creative-office and retail space, putting it through an extensive $7.4-million renovation. The firm is now allowing its tenants to have the last word as to how the interior spaces will look.

We sat down with Pathfinder senior associate Christopher Gibson to discuss the project and how tenant-improvement allowances work in this type of arrangement.

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Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

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