News & Media

Developer Krohn sells third downtown New Britain apartment building since early 2025

03/26/2026

For the second time in about four months, developer Avner Krohn has sold a recently completed, mixed-use apartment building in downtown New Britain to Lakewood, New Jersey-based multifamily investors.

On Wednesday, Krohn and the brokerage that listed the property — Marcus & Millichap’s Institutional Property Advisors division — announced the sale of “The Highrailer,” a six-story, 114-unit apartment building with 5,600 square feet of ground-floor retail space at 283 Main St.

The sale price was not disclosed.

Completed this year, the 100,492-square-foot building sits across Main Street from New Britain City Hall and next to “The Brit,” a 107-unit mixed-use apartment building Krohn completed in 2024.

Krohn sold The Brit in early January for $31.07 million.

The buyer of both properties is a partnership between New Jersey-based firms INV360 and Reliant Partners, which together own a portfolio of upscale apartment properties in Connecticut, Krohn said.

In January, Sol Katz, managing partner and chief investment officer of Reliant, described the firm as the real estate arm of Shimon Jacobovitz’s private family office. He said INV360 is a private equity firm focused on business turnarounds and real estate investments.

Following the acquisition of The Brit, Katz said the partners planned to introduce operational efficiencies and enhance the building’s lifestyle offerings.

“The guys buying these assets own a few thousand units in Connecticut, and they are a fantastic manager and operator of Class A assets,” Krohn said.

Krohn said continued investor interest reflects ongoing development momentum in downtown New Britain.

Developer Avner Krohn in New Britain, where he’s been an active apartment builder. HBJ PHOTO STEVE LASCHEVER

He and his firm, Jasko Development, have been a principal actor in that transformation through several high-profile projects. Those developments have also helped convince other developers to invest in apartment projects that have been highly sought by city officials.

In addition to The Brit and The Highrailer, Krohn sold “The Andrews,” a former office building converted into 20 apartments above a ground-floor restaurant, for $4.5 million in February 2025, according to land records.

He has also recently listed another downtown property — a 36,500-square-foot former post office building at 114 West Main St. — for sale through the Ten-X online auction platform. Bidding is scheduled to begin April 27, with a starting bid of $1 million.

Krohn bought the building for $775,000 in 2022 and renovated it, including creating a roughly 6,000-square-foot office for Jasko Development. He said the decision to sell reflects a strategy of stabilizing assets and redeploying capital.

“We felt we built the value necessary to stabilize the asset, and that’s what prompted us to put it on the market,” Krohn said.

Despite the string of recent sales, Krohn said his interest in New Britain has not waned. He plans to lease back his office space in the former post office building.

Krohn noted he has bought and sold various buildings in New Britain over the past 19 years, adding value and then recycling capital into new projects.

He said he recently went under contract to acquire another property in the city and is continuing work on “The Strand,” a planned 100-unit apartment development on the former Strand Theater site.

Construction has been delayed by winter weather, with completion now expected in early summer 2027, he said.

Krohn said Jasko is still pursuing large-scale development projects that rely on public support, such as tax incentives, which many developers say are necessary to make projects financially viable in markets like New Britain and Hartford. At the same time, the firm is looking to expand its focus on value-add renovations of existing properties, which typically offer faster turnarounds and returns.

“This is a moment in our company where I feel it is imperative to look at long-term cash flow,” Krohn said.

The Institutional Property Advisors team that brokered the deal included Victor Nolletti, Eric Pentore, Wes Klockner and Ross Friedel.

Developer sells massive CT apartment building, promises separate mega-project on track

01/06/2026

By Don Stacom | Hartford Courant

PUBLISHED: January 6, 2026 at 5:15 AM EST

Prolific apartment developer Avner Krohn has sold his freshly completed 107-unit apartment building in downtown New Britain and is negotiating to sell its twin next door, saying he’s focusing more attention on the planned Concourse Park mega-project in East Hartford.

“We are all in on East Hartford, we’re fully ramped up and ready to make it happen,” Krohn said Monday. “We feel very strongly that East Hartford will do very well.”

Krohn confirmed that his Jasko Development recently sold The Brit, a six-story, modernistic glass-faced building in the heart of downtown, to a partnership of Reliant Partners LLC and Investment 360. Krohn did not disclose the purchase price, and Solomon Katz, listed as a key official in Reliant and Investment 360, could not be reached Monday.

When it was proposed in 2021, The Brit was revolutionary for the city’s ailing downtown, and represented the first large-scale infusion of market-rate housing in decades. Then-Mayor Erin Stewart’s administration granted a 26-year tax incentive worth more than $300,000 a year to get Jasko to demolish the abandoned Burritt Bank headquarters at Main and Bank streets and replace it with an amenity-rich apartment complex.

The Brit became the first in a series of upscale, midrise residential complexes that Jasko built or is building in New Britain, and its features — outdoor fire pits, a rooftop balcony, a sprawling deck with grilling stations, a fitness center and a pet spa — would have been unimaginable in that location just a few years earlier.

When it opened last year, its rents were also something entirely new for downtown New Britain: $1,650 for a 500-square-foot studio, climbing to $2,750 for a two-bed, two-bath unit of about 1,000 square feet.

Results have been mixed: Longtime city residents who warned there would be no market for such apartments in downtown were proven wrong, with dozens of tenants signing up before the building opened. Still, occupancy stands at 75%, management is now offering six weeks of free rent for new tenants signing a year-long lease, and the 5,000-square-foot space envisioned for an upscale restaurant remains without an occupant.

Next door, Jasko’s Highrailer a 114-unit apartment that’s largely identical to The Brit, is scheduled to open in the spring. Krohn confirmed he’s negotiating with a buyer for that building, too, but isn’t confirming whether it’s the same companies that took The Brit.

Krohn acknowledged that the nationwide pullback in bricks-and-mortar commercial and retail markets has affected his projects. He said he’s confident that solid, attractive restaurants can be brought in for The Brit as well as The Highrailer, which has about 6,000 square feet of commercial space.

“It’s been a challenge. We’ve had interest, but we’ve turned down a lot of retailers. We’re looking for restaurants that are going to bring flair and draw crowds from within the city and its neighborhoods and from outside the city,” he said. “We put in hundreds of thousands of dollars of infrastructure for restaurants in both buildings: ventilation systems that go to the roof, underground commercial grease traps, utilities service that can support restaurants.

“We’re very restaurant-centric and beauty care-centric. It’s the chicken and and egg: retail loves to see people, and building occupants want to see a lot of retail. We’ve gotten close (to signing a restaurant) a couple of times, but we haven’t had the right one so far.”

The construction and rental markets have changed since Krohn proposed The Brit in late 2021. At the time, he anticipated a cost of $14 million and an opening in 2023; the final figure was in the mid-$20 millions and construction continued through 2024.

Jasko has built the elevator shaft for a third mid-rise apartment building downtown, the 100-unit The Strand. Krohn hasn’t said whether he’ll sell that one, or what he plans with The Byline, a 44-unit boutique apartment building on the edge of West Hartford’s town center.

Jasko and business partner Brian Zelman are also constructing a 40-unit addition to their Bloomfield apartment complex, the Residences at Wash Brook. By far the biggest project they’re working on is in East Hartford, where they’re looking to build 402 apartments on the site of a demolished multiplex theater.

The Capitol Region Development Authority is scheduled to put out bid requests this month for site preparation at the former Showcase Cinemas property, and Krohn expects that work will begin within 90 days of a contractor being selected. After that, Krohn and Zelman plan to start constructing the first phase of Concourse Park: 309 apartments in three-story buildings. A second phase of 93 apartments in a four-story building is expected to follow that.

Developer Avner Krohn sells newly completed 107-unit New Britain apartment building

01/02/2026

Developer Avner Krohn poses on a rooftop lounge atop “The Brit,”a 107-unit apartment building overlooking downtown New Britain.
HBJ PHOTO | MICHAEL PUFFER

By Michael Puffer

January 2, 2026

Developer Avner Krohn has announced the sale of “The Brit,” a 107-unit, mixed-use apartment building he completed in downtown New Britain in 2024.

Krohn, on Friday, said the property had been sold to a joint venture between INV360 and Reliant Partners. Both firms are based in Lakewood, New Jersey. Together, the partners own a sizable portfolio of upscale apartment properties in Connecticut, Krohn said.

As of Friday, a deed had not yet been recorded in the New Britain online land records. Krohn said he would leave disclosure of the purchase price to the buyers. A representative for one of the buyers declined to share the sale price.

The Brit is a six-story, apartment building at 267 Main St., developed at a cost of about $25 million on the former site of Burritt Bank. The first tenants moved into the building in August 2024, and Krohn said it is now about 75% occupied. The property also includes 5,450 square feet of first-floor restaurant space that remains available for lease.

Krohn, who leads Jasko Development, has been among the most active developers in downtown New Britain in recent years. In addition to The Brit, he has two other large-scale apartment projects underway in the city, along with developments in East Hartford and Bloomfield.

Krohn said he sold The Brit and is negotiating the sale of another, unspecified New Britain property to the Lakewood partnership to generate capital for other projects. He added that finding the right long-term owner was an important consideration.

“We are highly vested in New Britain and in the community,” Krohn said. “Selling off some assets that we developed just creates some liquidity to continue to develop the projects we are committed to in the city.”

Krohn said he expects the buyers to hold The Brit for a “very long time” and to make additional investments locally.

“Who we are selling to is very important – that there is a real professional management group in place and that there’s someone who is going to be a good steward,” Krohn said.

Sol Katz, managing partner and chief investment officer of Reliant, described the firm as the real estate arm of Shimon Jacobovitz’s private family office. He said INV360 is a private equity firm focused on business turnarounds as well as real estate investments.

“New Britain benefits from the Greater Hartford area’s revitalization and we love the location as an up-and-coming alternative to Hartford,” Katz wrote in an emailed response to questions. “We have friends moving into the area from New York City and are excited about supporting that quiet but sturdy growth. We have enjoyed meeting and transacting with Avner and have discussed the idea of working together in the future in various capacities.”
Katz said the new owners plan to introduce operational efficiencies and cultivate a distinctive lifestyle offering at The Brit.

Meanwhile, Krohn said he has a busy year ahead.

He is nearing completion of “The Highrailer,” a 114-unit apartment building at 283 Main St. in New Britain, on the former site of Amato’s Toy & Hobby. The project includes about 6,000 square feet of restaurant and retail space and was previously reported to have a $26 million budget.

Krohn is also developing a 100-unit apartment building on a downtown New Britain site that once housed the Strand Theater. Elevator shafts have been installed, and structural steel is expected to be erected within weeks, he said. That project’s budget was previously reported at $25.5 million.

In Bloomfield, Jasko has launched the second phase of the Residences at Wash Brook, following completion of a 111-unit apartment building in 2023. The new phase adds a 40-unit building and includes 8,000 square feet of amenity space.

Later this year, Krohn, partnered with developer Brian Zelman, plans to begin construction of an amenity-rich, 402-unit apartment complex off Silver Lane in East Hartford. The partners took control of the 25-acre, town-owned site last June.

All permits and financing are in place for the “Concourse Park” project, Krohn said. Construction is pending completion of about $10 million in state-funded utility work being coordinated by the Capital Region Development Authority. The work will bring power, water and a roadway into the site as part of a development incentive package.

Redevelopment of former Showcase Cinemas site in East Hartford moves forward

06/17/2025

The former Showcase Cinemas site in East Hartford is on track to become apartments.

After years of delays and challenges, the town has officially closed on the sale, marking a big step in the $115 million project.

“Three different administrations have been working to get this property developed, so to finally close on the property and close the sale on the property, I think marks a significant progress milestone in terms of getting this property developed,” Mayor Connor Martin said.

The Showcase Cinemas on Silver Lane closed almost 20 years ago, but the lot won’t stay empty for much longer.

Construction on a new apartment community called Concourse Park is set to start next year, according to the mayor.

Story by Jayne Chacko

The final sale of the site was scheduled to be closed in September 2023, but the town was still working on safeguards for a public infrastructure investment of $10 million.

“We just put some provisions in place to protect that investment and ensure that it was going to support the project while making sure that it was in the best financial situation,” Martin said.

Plans for Concourse Park include 402 apartments ranging from studios to three bedrooms with costs expected to be anywhere from $1,800 to $3,500, depending on the unit.

Amenities include a pool, dog park, 12,000-square foot clubhouse and more.

“The town has not seen class A plus, highly amenitized market rate apartments in town in decades,” Avner Krohn, founder and CEO of Jasko Development, said.

“And so what happens is, you’re a resident of the town of East Hartford. You want to downsize, want to sell your home. You want to stay in town, but you’re only going to have the older product to go to. And so now this keeps people while working, living in town of East Hartford and it actually brings people from outside the town,” Anver continued.

Redevelopment of former Showcase Cinemas site in E. Hartford ready to move forward after land purchase

06/13/2025

By Michl Puffer

After four years of negotiation, developers planning to build an amenity-rich, 402-unit apartment complex off Silver Lane in East Hartford have taken possession of a roughly 25-acre property from the town.

East Hartford purchased the former Showcase Cinemas site in 2016, and then spent millions tearing down the cineplex to make a development site. In 2021, developers Avner Krohn and Brian Zelman filed a joint response to the town’s request for development proposals.

On Friday, the developers completed their purchase of the property from the town for $1 — a strong signal the development, dubbed as Concourse Park, will finally move forward.

“This has been a long time coming,” said Krohn. “This has been a real journey. I’m just super excited for what we are going to build for the town of East Hartford. This is the first market-rate development built in the town in like 40 years.”

Krohn and Zelman say they have spent millions of dollars on planning, design, legal fees and other soft costs so far.

The town incentivized the project with a tax abatement and a sales price of $1. Officials also worked with the Capital Region Development Authority to secure $10 million in public financing for power, water and roadway infrastructure into the site.

The CRDA will oversee the infrastructure work.

Friday’s closing on the property further cemented the commitment of local officials and the developers to the project.

Krohn and Zelman were able to close on the property by demonstrating they have access to $70 million in financing needed to complete 300 apartment units, the minimum amount required under their development agreement with the town. They said they plan to build more than the minimum requirement.

East Hartford Mayor Connor Martin said the town provided incentives to ensure the development was economically viable. Over the long run, any concessions will be outweighed by the benefit of new taxes and elevated economic vitality, he noted.

“We have to show that East Hartford is open for business,” Martin said. “And we have to exhaust all efforts to try and bring development to East Hartford.”

Zelman estimated total project costs at $120 million.

Krohn said he expects CRDA’s infrastructure work to begin within four months. The first eight, three-story buildings will host a combined 309 units. Krohn said he expects the first units to begin opening for tenants in about two years.

A four-story, 93-unit building will launch sometime after the first phase is underway, he said.

The development will also include a clubhouse, mail and package building, dog washing station, pool, party room for rent and coworking space. One apartment will be set aside as a hospitality suite that can be rented for short stays by guests of a tenant, Krohn said.

Krohn and Zelman both praised the level of cooperation demonstrated by town and CRDA officials.

“It’s been a very long time in the making,” Zelman said. “We are very excited for this step and the next steps.”

Recently converted 20-unit downtown New Britain apartment building sells for $4.5M

02/24/2025

By Michael Puffer| Hartford Business Journal

A Rocky Hill investor this week paid $4.5 million for a 20-unit apartment building with first-floor restaurant space in downtown New Britain.

The 26,975-square-foot former office building at 132 Main St., known as The Andrews, was converted to apartments in a $4.3 million renovation launched by real estate investor Avner Krohn in 2020.

The winning bidder, Vina Andrews LLC, was one of 239 potential buyers who signed non-disclosure agreements and seven bidders who ultimately registered for the auction, Guidicelli said.

Vina Andrews’ principal is Prabu Krishnamurthy, of Rocky Hill.

"I was very pleased it sold to a local owner," Krohn said Monday. "That's the first property I purchased in Connecticut. We have just moved on to a larger scale of project, so it didn't make sense to hold onto long-term. But we pured a lot of love into it, so I'm happy there will be local ownership."

Krishnamurthy also paid a roughly $100,000 fee to Ten-X.

Krohn said the building was fully occupied, including the first floor, which hosts the Night in Columbia restaurant.

Krishnamurthy, in an email response, said he is excited to build a portfolio of multifamily properties in New Britian due to local housing demand, as well as the proximity of major employment centers. He added that he is fascinated by the historical significance of the century-old building.

The building was sold through online auction website Ten-X, with Michael Guidicelli, of Regions Commercial, acting as broker for both buyer and seller.

Guidicelli said he sells exclusively through the Ten-X platform, due, in part, to its broad reach with potential buyers. The platform also offers a high level of transparency and information that leads to more concrete offers and quicker closings, he said.

Guidicelli said The Andrews won’t require major capital improvements for many years. It sits in a downtown that has been the focus of multiple, high-unit apartment developments, including several led by Krohn.

Krohn said he is about two months away from launching construction of a 100-unit apartment building called "The Strand," at the corner of Main and Chesnut streets, a site close by The Andrews.

Guidicelli noted The Andrews does not include some of the high-end amenities found in Krohn’s more recent projects. There is no fitness center or rooftop lounge.

That allows The Andrews to offer lower rents than some of the more recent developments, but with comparable apartment quality to the high-end developments.

Chelsea Groton Bank Vice President David Saia arranged financing for the purchase, Guidicelli said.

Prominent developer Krohn eyes sale of first CT investment, as focus shifts to larger projects

09/16/2024

By Michael Puffer| Hartford Business Journal
Busy developer Avner Krohn’s first investment in Connecticut came in 2006, when he and a partner paid $700,000 for a dilapidated 26,975-square-foot office building near Central Park in downtown New Britain.

Krohn later bought out his partner and, in 2020, launched a $4.3 million renovation that transformed the five-story, century-old office building into 20 apartments above restaurant space.

Today, that building — known as “The Andrews” — is fully leased, but Krohn has decided to list it for sale on Ten-X, an online auction site. The move is part of a shift in strategy — mainly a sharper focus on developing and owning larger projects, in New Britain as well as other nearby communities. Krohn says The Andrews is now too small for his investment and management strategy.

Krohn, who runs Jasko Development, said he hires West Hartford-based Konover Commercial to manage his properties, but using a third-party manager for a small apartment building is not worth the cost. As a result, he has in recent years begun to sell off apartment buildings with fewer than 30 units, as well as smaller retail assets. “We don’t do property management in-house anymore,” Krohn said. “So, it’s really shedding the assets that are no longer our core assets.

Krohn was 25 when he bought The Andrews. His portfolio consisted of four commercial properties in Brooklyn and New Jersey. Now, at 43, Krohn’s portfolio includes 400 apartment units in buildings either recently completed or nearing completion, all in Connecticut. Krohn said that, working with partners, he will launch construction projects by the first quarter of 2025 that will add another 542 units in Greater Hartford.

MICHAEL PUFFER | HARTFORD BUSINESS JOURNAL

Developer Avner Krohn poses outside “The Brit,” a nearly completed, 107-unit apartment building overlooking downtown New Britain.

Development catalyst

Krohn, who lives in Long Island, said New Britain has become like a second home. Early last year, Krohn moved Jasko Development’s headquarters into a 36,530-square-foot former New Britain Post Office building he bought on West Main Street. Krohn said he’s been attracted to the city for several reasons. It’s almost exactly halfway between Boston and New York, has great highway access and a walkable, compact downtown where his projects could make a big impact. “What always attracted me to New Britain is it has a walkable downtown,” Krohn said. “It was also a manageable downtown, which meant one or two projects would go a long way.” His developments have become pillars of New Britain’s economic development efforts.”

“The way I’ve seen him and his business grow is similar to how we’ve seen downtown New Britain grow, starting from very small developments, one building at a time, to now blocks at a time,” said New Britain Mayor Erin Stewart. Krohn’s early projects have attracted to New Britain other developers who are now actively transforming once-blighted properties in and around downtown. “Avner used to be the only person who was building in downtown New Britain,” Stewart said. “Because of his investment and his developments and the success he has seen, we now have three or four big-time players that we are working with that are now buying and redeveloping dilapidated properties in town.”

Bradley Balletto, managing director for investments at real estate services firm Northeast Private Client Group, said New Britain is one of the most attractive multifamily markets in the state, serving as a reasonably priced community with strong downtown amenities. It’s a bargain compared to nearby suburbs like Farmington and West Hartford, he said.

Brisk pace
Krohn said he wants to continue developing at a brisk pace, adding about 200 units annually. He’s got a strong pipeline and has partnered with developer Brian Zelman on many projects. In New Britain alone, he’s working on three developments valued at about $76.5 million that will add 321 apartment units. He also has projects underway in West Hartford, Bloomfield and even North Carolina, where he is working on plans for a large-scale retail development on 50 acres outside Raleigh. Krohn also said his focus will predominantly be on developments that involve local support in the form of tax breaks or other incentives. “In today’s day and age, without public participation, the projects really don’t pencil out,” Krohn said.

Krohn’s largest Connecticut project is in East Hartford, another blue-collar town that has experienced some success drawing big-impact developments. There, Krohn and Zelman are teamed on the redevelopment of a 25-acre site that used to house a Showcase Cinemas theater. The town has agreed to hand over the property to the developers for $1 in exchange for a pledge to build at least 300 apartments. Under the development agreement, East Hartford is to help direct $10 million in public funds to the estimated $115 million project.

Krohn and Zelman have missed deadlines — in September 2023, and this past April — to secure financing, but the town has agreed to give them more time. Krohn attributed the delay to painstaking negotiations over the conditions of the $10 million in public assistance. The town has agreed to funnel state funds to infrastructure needed to build on the site. The Capital Region Development Authority is expected to directly oversee construction of utility and roadway infrastructure on behalf of East Hartford. “It’s really just working out the details of the grant funding and how it is being distributed,” Krohn said. “We are working diligently with the municipality and CRDA.”

Krohn said he and Zelman have spent “many millions” on design and other expenses to advance their East Hartford plan, and continue to spend about $150,000 monthly. He hopes to break ground this year. “It’s a little up in the air,” Krohn said. “I really hope to break ground this year, but some of it is out of our control and up to the CRDA.”

Avner Krohn’s apartment development pipeline

The Strand (New Britain): 100-unit, $25.5 million apartment building planned for the corner of Main and Chestnut streets, a site that used to host the Strand Theater. Construction is expected to begin before the close of the year; completion date is summer 2026.
The Brit (New Britain): 107-unit, $25 million apartment building with 5,450 square feet of first-floor restaurant space under construction at 267 Main St., the former site of Burritt Bank. First completed units received tenants in August; last units ready for occupancy by late fall.
The Highrailer (New Britain): 114-unit, $26 million apartment building with 6,000 square feet of restaurant and retail space. The project, which is expected to wrap up by the end of the year, is at 283 Main St., which previously hosted longtime downtown fixture Amato’s Toy & Hobby.
Residences at Wash Brook (Bloomfield): 111-unit building completed a little more than a year ago by Krohn and his partner, Brian Zelman. The building is now almost completely leased. They’re planning to launch a second, $13 million phase before next summer that will add a 40-unit building.
The Byline (West Hartford): 48-unit, $22 million project in West Hartford Center that will include 10,000 square feet of ground-floor retail space at 920 Farmington Ave. The project, being developed by Krohn, Zelman and Richard and Zach Korris, is nearing completion.

New 107-unit downtown New Britain apartment building opens to first tenants

08/15/2024

By Michael Puffer-Hartford Business Journal

Alittle more than two years after the long-vacant Burritt Interfinancial Bancorp. building in downtown New Britain was demolished, the first tenants are moving into a 107-unit apartment building that has taken its place.

The city has issued a temporary certificate of occupancy for the mixed-use building, and the first tenants began moving in over the past two weeks, developer Avner Krohn said Wednesday.

Krohn said 25% of the apartments in the six-story building, dubbed “The Brit,” have been pre-leased. Three floors have been entirely completed. Krohn expects the remaining three to be finished over the next six weeks. He said it cost in the mid-$20 million range to complete the project.

The building, at 267 Main St., features a pet-washing station, rooftop terrace, gym and other amenities. The building so far has mostly appealed to a younger and diverse crowd mixing blue- and white-collar workers, Krohn said.

Rents vary from $1,650 monthly for a studio apartment to $2,750 for a two-bedroom unit.

Krohn said there has been significant interest in the roughly 6,000-square-foot restaurant space available for lease on the first floor. He said he hopes to recruit an upscale casual restaurant and has turned away candidates he believes wouldn’t be a good fit.

“We are in talks with people and we are being selective because we believe this space will be an important anchor for the rebirth of the downtown,” Krohn said.

The Brit is one of several significant mixed-use redevelopments targeting areas in and around New Britain’s downtown in recent years. Several of those projects are being led by Krohn.

Krohn credits the city’s willingness to allow tax-fixing agreements that make these projects financially viable. The city has approved a 26-year tax break on the former Burritt Bancorp. site, worth about $320,000 annually, Krohn said.

“Without that tax fix, nothing would have gotten built on this site for decades,” Krohn noted.

Jasko Development leases former Post Office building space to Siena Learning Center

07/24/2024

June 1, 2024, NEW BRITAIN, CT – Jasko Development LLC, announced today that the nonprofit education advocacy group, 50CAN (The 50-State Campaign for Achievement Now) has signed an office lease for 5,414 sq. ft. of office space in the Jasko Development office building at 114 West Main Street, New Britain.

50CAN is a nonprofit education advocacy and tutoring organization that offers programs that engage local leaders in the education advocacy movement. 50CAN currently operates policy campaigns in nine states.

Avner Krohn, CEO of Jasko Development is enthusiastic for the new tenant, saying, “We welcome 50Can to our building and to the growing downtown of New Britain. The increased demand for office, retail and apartments in downtown New Britain shows the growing vibrancy of the NEW New Britain.”

Having served as downtown New Britain’s post office from 1910 to 1979, 114 West Main Street is a handsome neoclassical building featuring marble public spaces, decorative plaster and terrazzo floors. Jasko purchased the historic 36,000 square foot building in 2022 and made extensive updates to the interior and exterior. Krohn has said “With parts of the original building dating to 1905, the Old Post Office is a gorgeous structure and a true piece of downtown New Britain history”.

Jasko Development LLC, founded in 2007 is a commercial real estate investment, development, and management company specializing on working closely with city officials and community leaders to provide a robust mix of live-work-play elements within the community. Jasko has several downtown New Britain projects in their portfolio, including the Brit, the Highrailer and the Strand. Jasko is currently delivering a total of more than 1,100 multifamily residential units to urban and suburban markets.

For leasing information, contact Leasing@jaskogroup.com Phone # 845-746-6422.

Press Contact: Avner S. Krohn, 860.223.3434, avner@jaskogroup.com

Jasko signs Safe Passages to 5-year lease in historic office building

07/24/2024

For leasing information, contact Leasing@jaskogroup.com Phone # 845-746-6422.

Press Contact: Avner S. Krohn, 860.223.3434, avner@jaskogroup.com