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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.”
- ◦Sale/Acquisition

