New York apartment developer Avner Krohn said his company by the end of this month will move its New Britain office to a new location in a former post office property, which he bought last June.
Krohn’s Jasko Development at the end of this month will be a new tenant at 114 West Main St., where it will occupy 3,000 square feet of space within the 36,530-square-foot office building.
Krohn, who has been a prominent apartment developer in New Britain, paid $775,000 for the property last June. the deal also included the purchase of 50 Court St., a 0.3-acre overflow parking lot.
Krohn’s office had been housed in 800 square feet at 66 West Main St., in New Britain.
Krohn said he’s spending more than $1 million to renovate the property and lure new tenants. He said he’s had success so far in those efforts. The building currently houses 11 tenants and another six are expected to be added later this year. At the time of the purchase Krohn said the building had eight tenants and was half filled.
“We are almost filled up,” he said.
Tenants include several law firms, not-for-profits and an architectural design firm, he said.
Leases range from $15 to $18 per square foot; tenants pay the utilities and Jasko pays all other expenses, Krohn said. Business suites range from 500 square feet to 4,000 square feet.
Krohn also said money will continue to be invested in both interior and exterior improvements including repairs to the masonry, parking lot and retaining walls, as well as the front steps. The interior, he said, includes new LED light fixtures in the common area as well as new wallpaper and carpeting. The original floors in the lobby have also been restored, he said.
Krohn will join Mayor Erin Stewart and other city officials for a ribbon cutting at the site on March 14.
