The former La Ronga site will house new or developing companies to bring local jobs to Somerville.

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Though Somerville won’t have its beloved La Ronga Bakery back, owner Mike Ronga announced on Jan. 28 that the building was sold to Rafi Properties.

Rafi, led by Managing Director Collin Yip, owns and operates Somernova, a 7.4 acre site in Somerville home to a variety of small businesses.

“The entrepreneurial spirit and family values have been a part of the bakery and property for over 50 years. We met a great deal of potential buyers throughout this process, but there was something sincere and genuine about Collin Yip’s approach,” said Ronga, president of La Ronga Bakery. “From the beginning, our values and goals were aligned. Collin quickly demonstrated his understanding and respect for the important qualities beyond just the numbers. My family and I are confident that this property’s future is in good hands.”

When the bakery and delicatessen closed down a few months ago, residents wondered what would happen with the site. While no specific retail plans have been announced for this site, with much more community process to come, Rafi is dedicated to maintaining the site, creating local jobs, and giving entrepreneurs an opportunity to grow their companies in Somerville.

“Rafi is focused on helping entrepreneurs and companies iterate and grow faster. Speed and flexibility are mission critical, especially during their growth stage,” said Rafi Spokesperson, Kristin Phelan. "The plan for 599 Somerville Ave. is to work in partnership with the community to ensure the asset becomes home to companies looking to expand and or relocate to Somerville."

The 599 Somerville Ave. site had been the home of La Ronga Bakery and Delicatessen for over 50 years. The family-owned and operated business was known for great breads, reliable manufacturing, and distributing products daily throughout the region. A small deli shop served as the anchor for the bakery providing pizza, subs, and fresh cold cuts to the community.

“I’ve been inspired by Mike’s work ethic and entrepreneurial spirit over 50 years in business. We wish Mike, Maria, Debra, and the entire Ronga family all the best,” said Yip. “We will work with the community to continue the entrepreneurial endeavor on this property in an effort to preserve and expand the soul of this unique place.”

Rafi 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.