A local real estate investment company that sold a mid-sized West Hartford industrial property for $900,000 in 2020 recently bought it back for a little less.
C&G Properties, of West Hartford, sold the 1.6-acre property with two light manufacturing buildings to Albert Kalanica in 2020. Albert sold the property back to C&G for $883,584 in a sale recorded Jan. 26, according to land records.
The property hosts two light manufacturing buildings, with a combined total of 29,600 square feet, according to assessing records.
C&G owner Clayton Kilbourn is also president of West Hartford-based Haz-Pros Inc., an environmental remediation and demolition company. That company is not involved in the transaction, he said.
Kilbourn declined to discuss the details of the sale. He did, however, say he plans to lease the property, which he had previously owned for 17 years.
Kalanica, reached Wednesday, said he bought the building from Kilbourn, a friend, in 2020 to use as a showroom and manufacturing space for his business, K Cabinetry.
Kalanica, an ethnic Albanian from Kosovo, immigrated to the U.S. as a child during the 1999 Kosovo War. Kalanica said he operates the cabinetry manufacturing and installation business with his brothers.
Demand remains strong, Kalanica said, but it was hard to find a steady source of reliable workers in Connecticut. It was one of several reasons that prompted him to move production to Georgia. Overall costs are lower, and materials are more readily available in Georgia, Kalanica said. There, K Cabinetry operates with 60 manufacturing employees and several installation crews, Kalanica said.
Kalanica said his family gives back by renovating houses for poor families in Kosovo. He said he does it because he can remember when he was a child heading to school with holes in his shoes.
“That makes me happier more than anything, if I give a kid a smile,” Kalanica said. “That brings me more joy than money.”
Kalanica said he put the West Hartford property on the market for a short time but didn’t want the hassle and so approached Kilbourn to see if he would be interested in buying the property back.
Kalanica said he is searching for another showroom either in or around West Hartford.
