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Riverside Properties Purchases Somerville Flex Facility

Longtime Home of Taza Chocolate Company Has New Ownership
February 28, 2018
The four-story mill-type property at 561 Windsor St. in Somerville, MA has traded hands for $20 million, or approximately $250 per square feet. Millers River Realty Trust sold the almost fully occupied building to Riverside Properties.

Taza Chocolate Co. occupies the 80,000-square-foott facility, which is located in Boynton Yards adjacent to the new Union Square green line T-station. Other tenants include the manufacturing app company Tulip Software, and specialty shop, EH Chocolatier. At the time of sale, the property had 2,500 square feet of flex space available on market.

Joel Miller of Perishable Management represented the seller. Bernard Gibbons and Justin Pepple of ABG Commercial Realty represented the buyer.

Please refer to CoStar COMP# 4136834 for more information on this transaction.
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