Table Talk Pies properties, including HQ, sold for $50M
Photo | Courtesy of RP Masiello
Table Talk Pies headquarters at 58 Gardner St.
Four properties utilized by dessert manufacturer Table Talk Pies, including its new headquarters and primary baking facility at 58 Gardner St. in Worcester, have been sold for $50 million in a deal to see the parcels change hands from Worcester-based Chacharone Properties to Wakefield-based NorthBridge Partners.
Neither Table Talk nor NorthBridge immediately responded to requests for comment on the sale, but it’s unlikely these transactions from one real estate firm to another will have an impact on the company’s operations at the sites.
Table Talk’s headquarters, a 137,310-square-foot facility completed in late 2021, fetched the highest total of the four properties with a $36.43-million sales price. The deal included a 51,200-square-foot warehouse at 25 Southgate St. sold for $9.91 million, a 35,715-square-foot cold storage facility at 65 Armory St. sold for $4.31 million, and a 26,000-square-foot warehouse 21 Southgate St. sold for $3.36 million.
All four transactions were finalized on Thursday, according to Worcester District Registry of Deeds records.
Combined, the four properties were given a 2024 tax assessment value of $8.81 million, according to City of Worcester property records, although the assessment of 21 Southgate St. does not account for the finished construction of the warehouse at the site.
The sale of the four properties comes after the June sale of Table Talk to Rise Baking Co., a Minnesota-based firm which owns a number of food-related brands, which itself is owned by Connecticut-based private equity company.
NorthBridge Partners has made a handful of large purchases in the Central Massachusetts area in 2024, including the February purchase of a Devens cardboard manufacturing plant for $20.5 million and the acquisition of a Devens fluid pump manufacturing facility for $24 million.
Led by Jim Chacharone, a member of the WBJ 2022 Power 50, Chacharone Properties owns 21 properties across Central Massachusetts. Chacharone sold 115 Northeast Cutoff in Worcester to the David Clark Co. aerospace manufacturing firm in June for $19 million, as the company works to construct a new headquarters at the site.
The construction of all four buildings was led by RP Masiello, a Boylston-based construction firm.
Eric Casey is a staff writer at Worcester Business Journal, who primarily covers the manufacturing and real estate industries.
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