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An 80,790-square-foot industrial building in Hartford recently sold for $1.7 million to a company planning to use it for cannabis cultivation.
Hartford Special Partners LLC of Coventry, sold the century-old, brick building on 2.8 acres at 275-287 Homestead Ave., and a neighboring 1.7-acre lot to Eros I LLC of Hartford, in a deal recorded by the city on Dec. 8.
“The Hartford Cannabis Co., The Goods THC, and Eros I, LLC are very excited to announce an agreement to lease and develop 275-287-300 Homestead Avenue., Hartford, Connecticut as a cannabis cultivation facility,” Hartford attorney John B. Kennelly wrote in response to questions from the Hartford Business Journal. “The property was acquired by Eros I, LLC earlier this month for the express purpose of constructing a cannabis grow operation.”
The Hartford Cannabis Co. and The Goods THC have both been approved for preliminary cultivators licenses by the Connecticut Social Equity Council and are under review by the Connecticut Department of Consumer Protection for final permits, according to Kennelly.
The majority-share owners of The Hartford Cannabis Co. and The Goods THC are social equity applicants, and the Homestead Avenue building is in an area disproportionately impacted by the “misguided” war on drugs, Kennelly wrote.
Listed on the National Register of Historic Places, the Homestead Avenue factory was built for a growing producer of special machinery tools and fixtures, according to Preservation Connecticut.
By 1930, the Hartford Specialty Machinery Co. employed 175 workers on Homestead Avenue with the motto: “You name it, we’ll make it.” The company survived the Great Depression and thrived with the industrial boom of World War II. In the 1950s, the Hartford Specialty built a new plant in Simsbury and moved all staff there over the following decade, according to Preservation Connecticut.
The Homestead Avenue building was then inhabited by the Smith-Worthington Co., a saddlery firm founded in Hartford in 1794.
Two Hartford residents listed as principals of Eros I LLC – Christobal Jiminian and Gloribel Diaz – also have a financial stake in The Goods THC Co. Jiminian and Diaz are listed as backers of The Goods THC in an application for a cultivator license submitted to the Department of Consumer Protection earlier this year.
Spade Capital, of Jacksonville, Fla., is also listed as a principal in Eros I’s state business filing. Spade Capital holds the $1.7 million mortgage that Eros I used to buy the Homestead Avenue properties. Prity Patel signed the mortgage as both manager and member of Eros I, as well as president of Spade Capital.
Jiminian and Diaz signed the mortgage as members of Eros I.
Attempts to reach Patel this week were not immediately successful.
With financial backing of Spade Capital, Eros I will develop a property investment plan emphasizing positive impacts on areas impacted by decades of bad public policy and “too often” left behind by large-scale economic development projects, Diaz said, according to the statement released by Kennelly.
“Having a long-term lease agreement is just the first step for our company in making a major investment in the Upper Albany neighborhood and the city of Hartford,” Diaz said, according to the statement released by Kennelly. “The construction of the grow operation recently received unanimous support from the Upper Albany NRZ.”
Diaz, according to the statement, said her own family has experience in the devastation caused by the “war on drugs.”
“… And we are committed to healing some of these wounds through job training, economic development and community investment,” reads a portion of the released statement.
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The Hartford Business Journal 2025 Charity Event Guide is the annual resource publication highlighting the top charity events in 2025.
Hartford Business Journal provides the top coverage of news, trends, data, politics and personalities of the area’s business community. Get the news and information you need from the award-winning writers at HBJ. Don’t miss out - subscribe today.
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