NARRAGANSETT, RI  February 19, 2024 – Lila Delman Compass is pleased to announce its 2023 Rhode Island market results for commercial properties. According to data maintained by the Rhode Island Statewide MLS, Lila Delman Compass agents participated in 2 of the top 3 commercial sales across the State. Furthermore, per RIMLS, Lila Delman Compass ranked as the #1 Firm for commercial sales in both Kent and Washington Counties, based on 2023 sales volume.* 

By Municipality, Lila Delman Compass agents participated in 6 top commercial sales:

    • Warwick – 1850 Post Road | $5,900,000 | Gregory Arakelian & Dave Lawrence 
      • Highest Hospitality Sale In State*  
    • Block Island – 359 & 361 High Street | $5,650,000 | Rosemary Tobin
    • Westerly – 93 Watch Hill Road | $2,700,000 | Gregory Arakelian   
      • Highest Marina Sale In State*
  • North Kingstown – 222 Exeter Road | $2,200,000 | Gregory Arakelian
  • South Kingstown – 116 Main Street | $800,000 | Dan & Nicole Harding
  • Scituate- 84 Danielson Pike | $368,000 | Gregory Arakelian

Based on his 2023 performance, Gregory Arakelian, Lila Delman Compass’ Commercial Director, has been nominated for two awards by CoStar, the internationally recognized commercial real estate database. The CoStar Impact Awards recognize exemplary commercial real estate transactions and projects completed in 2023. 

Lila Delman Compass is proudly a part of Compass Rhode Island. In 2023, Compass was the only brokerage to exceed $1B+ in sales in Rhode Island. The Brokerage’s top rankings extend across both residential and commercial categories.

About Compass Rhode Island:

Founded in 2012, Compass, the Nation’s #1 real estate brokerage, is a real estate company with a mission – to help everyone find their place in the world.** The technology-enabled brokerage provides an end-to-end platform that empowers its agents to deliver exceptional service to their clients. In 2021, Rhode Island’s first name in luxury real estate, Lila Delman, joined Compass, marking Compass’ first locations in the Ocean State. Later in 2021, Randall, Realtors, with offices in Washington County, also affiliated with Compass. In 2023, Compass launched its Providence office, making strong in-roads throughout Providence County. Shortly thereafter, Compass launched in Barrington, establishing the firm as Barrington’s luxury leader. That November, Randall, Realtors relaunched as Compass. Today, with established residential and commercial divisions, Compass ranks as Rhode Island’s #1 brokerage.*

Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. *Sale rankings and closing price information is based on information from the Rhode Island Statewide MLS for all sales for the period of January 1, 2023 – December 31, 2023. The MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. **As of 2022, closed sales volume. Source: RealTrends 3/9/23.