MERIDEN — Bongiovanni Insurance & Financial is moving its offices from East Main Street to a larger building on Research Parkway.
The family-operated company, currently at 107 E. Main St., recently purchased a 16,000-square-foot office building at 130 Research Parkway and plans to use about half for its offices.
The company has outgrown its current office, where it occupied around 3,000 square feet, according to the broker that represented Bongiovanni, Luke Eddinger from Robert C. White & Company.
“We wanted to move forward with a bigger space, and we love Meriden and we want to stay in the Meriden community, so we’re just happy to be able to find a place to expand,” managing partner Ty Bongiovanni said.
Ty’s dad, Terry Bongiovanni, founded the company in 1987 at 97 E. Main St., a building he rented from local attorney Jack Shorr. Today, Terry and his wife, Eileen, still work full-time, but their three children – Ty, Trey, and Nikki – handle day-to-day operations. The firm specializes in employee benefits, individual services, and Medicare planning, according to its website.
Ty Bongiovanni said the company plans to build out a “conference center” for educational and community events of up to 75 people at the Research Parkway building.
“When it’s not COVID, we like having a lot of activity in our building, we like bringing people in. We’ll be doing a lot of seminars and hopefully, the community will be able to use it for educational purposes or the city or whoever needs it,” Ty Bongiovanni said.
The building also houses three other tenants – the Wheeler Clinic, United Public Service Employees Union, and Frank Pepe Development, according to Carl Russell, the listing agent who represented the seller, 124-130 Research Parkway LLC.
“There are three pretty established tenants there that we’re looking forward to keeping there for a while,” Ty Bongiovanni said. The firm’s longterm goal is to occupy the entire building but there is no timetable.
“It’ll depend on a couple of factors – whether or not the tenants want to leave, what our growth looks like,” he said. “The space we’re moving into now has some room for us to grow over the next few years.”
Russell said the office space Bongiovanni is filling had been vacant for at least a year. After a period in which many companies left Research Parkway in Meriden and Wallingford, Russell sees this transaction as good news.
“It has taken a hit in the last few years, and I think it’s good that we’re starting to see some people move back in. I think that’s very positive for the area,” Russell said.