Durham, NH – Torrington Properties, Torrington, has acquired the Newington Park Shopping Center in Newington, N.H. for $13.3 million.
Torrington purchased the 15-acre shopping center from real estate investment trust Urstadt Biddle Properties Inc., which owned the property since 1979. The Mount Vernon Company has partnered with Torrington on several projects and is a co-investor. Torrington also worked with The Boulos Company to secure the shopping center.
The center currently offers 102,000sf of space for commercial, retail and medical offices. Torrington plans to transform the property into a vibrant, energized destination that will benefit Newington and the surrounding area.
Newington Park Shopping Center is located at 2026 Woodbury Avenue, situated between two popular shopping destinations, the Mall at Fox Run to the north and The Crossings to the south. Pease International Tradeport, the site of Portsmouth International Airport at Pease, lies to the west.