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Torrington Properties Acquires Newington Park Shopping Center for $13M

Real estate development and investment company Torrington Properties has acquired the Newington Park Shopping Center in Newington, N.H. The sales price was $13.3 million. The seller was real estate investment trust Urstadt Biddle Properties Inc.

The 15-acre shopping center currently 102,000 square feet of space for commercial, retail and medical offices. 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.

“We are excited to acquire Newington Park Shopping Center and embrace the opportunity it brings to the town and the surrounding Seacoast region,” said Jay Bisognano, CEO and Principal at Torrington Properties. “Newington Park has tremendous potential to become a destination that will enhance this already bustling commercial and retail environment.”

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

  • ◦Sale/Acquisition
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