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February 7, 2024

Owner of Anthony’s Ocean View in New Haven pays $1.5M for West Hartford office building

CoStar 67 Prospect Ave., West Hartford
By Michael Puffer

A 20,358-square-foot, fully leased office building in West Hartford recently sold for $1.49 million.

In a sale recorded Jan. 31, Mercedes Properties LLC sold the 34-year-old, concrete-sided building on six-tenths of an acre at 67 Prospect Ave., to WH Prospect LLC, whose principal is Anthony Delmonaco, of New Haven. The three-story building is located at the border with Hartford.

Delmonaco is also a principal of Anthony’s Ocean View, an upscale events space located along a beach in New Haven.

The seller’s principals are Ari D. Santiago, of West Hartford, and Alex G. Santiago, of Brookline, Massachusetts. Their LLC paid $690,000 for the property in 2012, according to assessing records.

Ari D. Santiago is CEO of IT company Compass MSP, the largest tenant at 67 Prospect Ave.

Compass, which has been in the building since 2012, negotiated an early lease renewal and extension as part of the sale, said Michael Guidicelli, principal of Regions Commercial, which marketed the building and procured the buyer. The lease had been set to expire in 2025.

The buyer also committed additional dollars above the sale price to fit out space for Compass, Guidicelli said.

“There were a lot of different techniques we used to get this building sold, including early lease renewal,” Guidicelli said.

The building was on the market for less than three months, Guidicelli said.

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