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City of Malden News

Posted on: May 14, 2019

Mayor Welcomes Cantella & Co., Inc. to Malden

Cantella Grand Opening

Mayor Gary Christenson recently participated in a ribbon cutting ceremony welcoming financial services firm Cantella & Co., Inc. to their new temporary office space at 350 Main Street. Originally founded in 1952 as a specialist on the floor of the Boston Stock Exchange, Cantella has evolved to become an independent broker/dealer and Registered Investment Adviser with a nationwide network of financial advisors. Their relationship-driven culture helps financial professionals build client-centric practices by providing cutting edge, custom-built technology, flexible affiliation models with three top-tier clearing providers, and responsive, personalized support.

Formerly located in Boston’s financial district, their new headquarters in Malden allows them room to house their growing team, which currently numbers more than fifty employees. At their ribbon cutting, Cantella’s executive team was excited to announce their plan to build a 60,000 square foot commercial building that will be their permanent home in Malden. They have recently purchased the former Ryan Family Amusement site located at 11 Charles Street and will redevelop it into a four-story commercial building that will include ground floor retail.

“We couldn’t be more excited to be a part of the Malden community. As a growing company in an evolving industry, we’re delighted to be a part of a dynamic, business-friendly city,” said Jennie Devlin, Cantella’s President and Chief Revenue Officer. 

“The welcome we have received in Malden, from the Mayor to each department of the city government, has shown us that we made the right decision to move here. We have been able to plan our headquarters development quickly and confidently knowing that the city stands ready to help,” added Jay Lanstein, Cantella’s Chief Executive Officer.

Groundbreaking is expected to take place in early summer, with completion anticipated by fall of 2020. For more information, please visit www.cantella.com.

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