June 19, 2024

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Developer purchases browsing middle in the vicinity of Shopping mall at Fox Operate in Newington NH

The Newington Park Shopping Center, which includes Savers and other stores as tenants, has been sold.

NEWINGTON – Actual estate advancement and financial commitment company Torrington Attributes introduced Friday it has obtained the Newington Park Shopping Middle for $13.3 million and touted strategies to “renovate” the internet site.

The home is located at 2026 Woodbury Ave., between the Shopping mall at Fox Operate to the north and The Crossings to the south.

The Newington Park Browsing Center’s existing tenants include things like Savers, JOANN Materials and Crafts and Occasion Town, as well as restaurant spaces. York Healthcare facility has a cardiovascular care facility on the property much too.

Real estate development and investment company Torrington Properties announced it has acquired the Newington Park Shopping Center in for $13.3 million. The property is located between Mall at Fox Run and The Crossings shopping center.

Torrington declared it procured the 15-acre purchasing heart from authentic estate investment have faith in Urstadt Biddle Houses Inc., which owned the residence due to the fact 1979. The center now has 102,000 sq. feet of area for commercial, retail and healthcare workplaces.

Torrington said it strategies to “completely transform the house into a lively, energized destination that will advantage Newington and the bordering place.” The business did not right away condition any particulars about the probable redevelopment designs.