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www.HartfordBusiness.com • December 11, 2017 • Hartford Business Journal 5 not come to terms with the owner. "Connecticut has the potential to be a national leader and invest in the next generation of Makers," MakerSpaceCT said in a statement. "Our manufacturing history can be the foundation for a vibrant, tech- savvy, economy- driving future. MakerspaceCT will be in the vanguard of that effort, with innovation, entrepreneurship and workforce development at the core." Patton said recently that he expects the buildout to cost about $700,000. Construction will begin by year's end, but MakerSpaceCT plans to launch educational workshops in computer programming, laser cutting and other maker disciplines this winter. Eversource's $1.7B purchase of Aquarion complete Electric utility Eversource has completed its $1.7 billion acquisition of Bridgeport's Aquarion Water Co. — becoming the only U.S.-based electric company to also own a water utility. Aquarion now contributes nearly 230,000 water customers to a total customer base of nearly 4 million electric, natural gas and water customers combined in Connecticut, Massachusetts and New Hampshire, Eversource said. Connecticut and Massachusetts regulators signed off on the deal, Eversource said. Woodbridge businessman pledges $22.5M to support UConn entrepreneurship Woodbridge businessman Peter J. Werth has pledged $22.5 million to the UConn Foundation, which will help establish an Institute for Entrepreneurship and Innovation. Werth, CEO of ChemWerth Inc., will pay $2.5 million over the next five years to establish the institute, which will bring together student and faculty programs fostering entrepreneurship and innovation that have potential commercial application and can be used to create new companies. The remaining $20 million is an estate gift, providing ongoing support for the Werth Institute in perpetuity. In recognition of the commitment, UConn has renamed the NextGen Residence Hall as the Peter J. Werth Residence Tower. The commitment from Werth is the second- largest in university history, behind Ray and Carole Neag's $23 million pledge in 1999. Downtown's 750 Main sold at $4.3M The New York operator of flexible office space in the Northeast has acquired downtown Hartford's historic 750 Main St. office tower for $4.3 million, authorities say. Stark Business Solutions, of Rye Brook, N.Y., purchased the 18-story brick-and- limestone edifice abutting Travelers Tower on Nov. 15 from Houston-based 750 Main St. LLC, city records show. The seller paid $1.5 million for the building in 1998. Stark Business founder-president Adam J. Stark confirmed his company's purchase, which represents the 10th location in its portfolio. Stark Office Suites' business model, Stark said, is leasing chunks of office space from landlords, then subletting parcels of space to short- and long-term tenants while providing them with a bundle of office services and amenities. Stark Office Suites' other Connecticut office locations are at 243 Tresser Blvd. in Stamford; the Greenwich Office Park; and 100 Mill Plain Road in Danbury. Stark said he and his investors conducted extensive due diligence on the building and the Hartford and Connecticut regions before deciding to purchase. Glastonbury fintech startup raises $6M Glastonbury digital payments provider Payrailz said it will receive a $6 million capital infusion from an investment group that includes a financial firm, two venture firms and two banks. The investors in Payrailz, which launched in November, are Austin, Texas venture firm Live Oak Ventures; Woodlands, Texas' Woodforest National Bank; Waterbury-based Webster Bank; Atlanta, Ga. venture firm TTV Capital; and East Hartford's FirstData. FirstData provides credit card processing services for small/large businesses and national financial institutions. Payrailz provides bill-payment and money- transfer services to banks and credit unions. Manchester to house New England's largest Tesla 'Supercharger' Electric vehicle maker Tesla is building a 16-stall charging facility in Manchester that looks to be its largest yet in New England. The $120,000 project, which received a local building permit in September, is located at The Plaza at Buckland Hills. Tesla's website indicates the so-called "Supercharger" will be open to the public by late January. Tesla, which has fought unsuccessfully at the state Capitol for several years to sell its cars directly to consumers in Connecticut, has been building out its charger network nonetheless, which ensures owners of its cars can drive without fear of running out of power. W E B U I L D R E L AT I O N S H I P S W I T H O N E G O A L I N M I N D : YO U R S . When you work with Santander's commercial banking team, you can expect us to take the time to get to know you and your business. The better we know you, the better we can help you pursue opportunities and anticipate your needs. Whether you are looking to expand by acquisition or grow intrinsically, enter new markets or broaden your current markets, you can rely on our global and capital markets expertise and our international trade and treasury management solutions to help your business grow and become more valuable. Whatever your goals are, we're here to help you achieve them. To start a conversation about partnering with Santander Commercial Banking, call Paul Larsen, Market Manager at 1.203.252.9581. Bank deposit, transaction banking services, and lending products and services are provided by Santander Bank, National Association ("Santander Bank, N.A." or "Santander"), a Member FDIC. Services such as securities underwriting and securities sales and trading are provided by Santander Investment Securities Inc., a registered broker-dealer and member of FINRA and SIPC. This material does not constitute an o„ er to sell or a solicitation of an o„ er to buy any investment product. Important Investor Information: Brokerage products are: • Not FDIC Insure • Not Bank Guaranteed • Not A Deposit • Not Insured By Any Federal Government Agency • May Lose Value. Santander Bank, N.A. is a Member FDIC. ©2017 Santander Bank, N.A. All rights reserved. Santander, Santander Bank and the Flame Logo are trademarks of Banco Santander, S.A. or its subsidiaries in the United States or other countries. All other trademarks are the property of their respective owners. 80401_– 09/2017 Woodbridge businessman Peter J. Werth. Ground-floor space at 750 Main St. PHOTO | HBJ FILE PHOTO | CONTRIBUTED