Laronga Realty Partnership sells 599 Somerville Ave.

February 28, 2020 - Retail

Somerville, MA Laronga Realty Partnership completed the sale of 599 Somerville Ave., to 599 Somerville Ventures, LLC, managed by Rafi Properties, LLC. The 21,908 s/f mixed-use site was home to La Ronga Bakery & Delicatessen, a family-owned and operated business for over 50 years.  Known for high quality breads and turn-key manufacturing, La Ronga distributed products daily to local colleges and universities throughout the region as well as popular retail grocers such as Trader Joes.

A small deli shop served as the anchor for the bakery providing pizza, subs, and fresh cold cuts to the people of Union Sq., Davis Sq., and the Winter Hill neighborhood for decades. 

“The entrepreneurial spirit and family values have been a part of the bakery and property for over 50 years. We met a great deal of potential buyers throughout this process but there was something sincere and genuine about Collin Yip’s approach,” said Michael Ronga, president of La Ronga Bakery. “From the beginning, our values and goals were aligned. Collin quickly demonstrated his understanding and respect for the important qualities beyond just the numbers. My family & I are confident that this property’s future is in good hands.”

Collin Yip, managing director, Rafi Properties said, “We will work with the community to continue the entrepreneurial endeavor on this property in an effort to preserve and expand the soul of this unique place.”

Tags:

Comments

Add Comment


More from the New England Real Estate Journal