Golden Cannoli Buys Building in Chelsea for $3.65 Million

By Seth Daniel

A prominent Chelsea food production company has expanded its operations within the city and purchased a second location on Griffin Way for $3.65 million.

Golden Cannoli on Crescent Avenue, which moved to Chelsea from Somerville in 2014, has secured a new building on 3-7 Griffin Way and will operate using about one-third of the 33,515 sq. ft. building. Gem Auto Parts will remain in the rest of the building as a tenant.

Steve Nohrden and Phil Burgess of Burgess Properties Inc. were the brokers on the deal, and having handled the move of Golden Cannoli in 2014, were very familiar with the company. They handled the sale for Brickpoint Properties of Stoneham, which has been selling several industrial properties in the area lately.

Nohrden said Golden Cannoli would remain in both Chelsea locations.

“I think they have had a great relationship with Chelsea and have found business to be good here,” he said. “They’re business is exploding all over the country. They needed some extra space to expand. They have more and more contracts to fill and it only makes sense. The building is only a couple of blocks away…Chelsea is as hot as I’ve ever seen it. A lot of businesses want to be there and stay there. It’s a great time for commercial real estate in Chelsea.”

The warehouse/distribution facility is located in Chelsea’s Airport Related Overlay District, minutes from Logan Airport.

The sale came on the heels of another major sale by Brickpoint, also handled by Burgess Properties.

That sale was of 8-24 Griffin Way, which was bought by Rosev Dairy.

The milk and dairy company relocated from its long-time headquarters on Second Street in Tony Cassano’s warehouse building.

“They also really wanted to stay in Chelsea and decided to relocate from Second Street to Griffin Way and purchase this building,” Nohrden said. “They’re going to tear down a lot of the building and build refrigerated space there.”

Burgess also recently sold an Air Freight building, about 60,000 sq. ft., at 150 Eastern Ave.

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