Concord, NH – Torrington Properties announced it acquired the Fort Eddy Shopping Center in Concord on Dec. 15 for $30 million. The 175,000sf shopping center is fully leased and is the current home of Shaw’s, Books-A-Million, Staples, Eastern Mountain Sports, Five Guys Burgers & Fries, GameStop, H&R Block, Moritomo Japanese Restaurant and more. The center joins Torrington’s growing list of recent retail and commercial acquisitions and developments.
“We are grateful to both Eastern Retail Properties and the seller for the opportunity to acquire the Fort Eddy Plaza,” Torrington chief operating officer, Matt Morgan, said. “With its high visibility and excellent location off Interstate 93, the Fort Eddy Shopping Center is a tremendous opportunity for us, and a welcome addition to Torrington’s retail and commercial portfolio.”
Morgan said Torrington believes in the economic strength of Concord and the Fort Eddy Shopping Center while seeing an opportunity to further elevate the center to a premier retail destination over the next several years.
Eastern Retail Properties was the sole broker involved in this transaction. The shopping center was sold by Eddy Plaza Associates LLC, which has owned the property since it was built in 1979.
With about 67,500sf, Shaw’s is the primary anchor to the shopping center, followed by Staples in 35,000sf and Books-A-Million’s roughly 31,000sf.
