Sherin and Lodgen represents Rafi Properties in purchase of former Somerville bakery and delicatessen
Sherin and Lodgen represented longtime client, Rafi Properties, in the $5.68 million purchase of 599 Somerville Avenue in Somerville, MA, a 21,135 square foot building, previously La Ronga Bakery and Delicatessen. Carla M. Moynihan, partner in the firm’s Real Estate Department, led the legal team, which included associate Andrew E. Bensson, in providing Rafi with a wide range of legal services, including project finance, environmental due diligence, title/survey review, zoning, closing documentation, and ADA related matters.
Rafi Properties is a Boston-based private equity firm with a focus on venture capital and real estate with value-add opportunities in transit-oriented, urban locations, and plans to bring this vision to the 21,908 square foot mixed-use retail and industrial commercial site. Rafi owns, develops, and manages mixed-use commercial and residential properties in Greater Boston and Hong Kong, with a focus on value-add opportunities in transit-oriented, urban locations. Rafi is the current owner and operator of Somernova, Somerville’s Innovation Hub (formerly known as The Ames Business Park).