Torrington Properties Acquires Fort Eddy Shopping Center in Concord for $30M
Boston, MA-based property management company Torrington Properties has acquired the Fort Eddy Plaza retail center located in Concord, NH for $30 million.
Eastern Retail Properties was the sole broker involved in the transaction. The asset was sold by Eddy Plaza Associates LLC, a family company that has owned the property since it was built in 1979.
The 175,000-square-foot 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, and Moritomo Japanese Restaurant.
Torrington Properties COO Matt Morgan said the company 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. Torrington Properties intends to make capital improvements in the property over the coming years.