New York-Based Bakery Buys North Haven Property For $5.1M

NORTH HAVEN, CT — A New York-based bakery recently purchased more than 15 acres of property, realtors recently announced.

Michael Richetelli, President and Designated Broker of Colonial Properties, Inc., represented the seller, 424 Chapel Street, LLC, in the sale of 50 and 60 Devine Street in North Haven; two parcels consisting of a 42,500-square-foot light industrial building on 6 acres and an additional 9.4 acres of raw land for $5.1 million, according to a news release.

The buyer, A & M Bronx Baking Inc., has been “specializing in traditional, contemporary, and custom breads since 1945 and their distribution extends from across the United States to the Caribbean,” the news release states.

“This parcel was highly sought after by many prospective purchasers, as there continues to be a lack of inventory in the light industrial market,” Richetelli said. “The property is exceptionally well located and features a modern light industrial facility with 24’ clear ceiling height and has the benefit of additional acreage for future expansion/development, making it ideal for the Buyer’s needs.”

A & M was represented by Matthew O’Hare of CBRE’s New Haven office. The Seller’s Attorney was Bernard Pellegrino, Pellegrino Law Firm in New Haven, CT; the Buyer’s Attorney was James J. Perito, Halloran & Sage LLP. in New Haven, according to the news release.