Merritt Graphics

Location: 650 Franklin Ave, Hartford, CT
Building Size: 23,000 sq ft
Year Built: 1920
Total Project Cost: $223,915
Utility Incentive: None
C-PACE Financing: $218,814
Term: 15 years
Annual Interest Rate: 5.5%
Annual C-Pace Assessment: $21,134
Annual Energy Cost Savings: $22,869
Lifetime Energy Cost Savings: $343,031
Annual Energy Savings: 203 mmBTU/yr
The 23,000 square foot office space at 650 Franklin Avenue, Hartford was originally constructed in 1920. 650 Franklin Ave, LLC has owned the office building since 1998. The building acts as an office, industrial space, and warehouse for Joseph Merritt & Company, a comprehensive graphic imaging and printing solutions firm. The proposed investment is a C-PACE transaction under which the Connecticut Green Bank would provide construction financing of $230,078 to support a HVAC upgrade with gas fired unit heaters, an electric unit heater, and high efficiency roof top units (RTU’s) installed by Sarracco Mechanical Services, Inc.