Gelato Makers Buy Grand Industrial Building
Summary
From Lyman Orchards, and plan to relocate current Sargent Drive manufacturing biz. The post Gelato Makers Buy Grand Industrial Building appeared first on New Haven Independent.
A Westport-based gelato company plans to move its manufacturing business from Sargent Drive to Grand Avenue, after purchasing a former commercial-bakery building from Lyman Orchards for $1.05 million. That property sale was recorded on the city’s land records database on Friday.
The relevant warranty deed states that Gelato Haven LLC paid $1.05 million to Middlefield Real Estate Holdings LLC to acquire the industrial property at 724 Grand Ave. That two-story commercial bakery was last appraised by the city for tax purposes as worth $1,116,328.
The Grand Avenue property has been owned since December 2021 by an affiliate of the Middlefield-based apple orchard company Lyman Orchards, which bought 724 Grand and two Food Terminal Plaza properties for $3 million in order to move part of its pie-making business to New Haven.
The 724 Grand Ave. building was previously owned by the local bakery company Something Sweet. The new owner of 724 Grand Ave. is a company controlled by Eric and Kelly Emmert.
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Industrial remains one of the strongest, lowest-vacancy asset classes in the state, driven by e-commerce and advanced manufacturing.