Shopping

Developer buys shopping center near Mall at Fox Run in Newington NH

NEWINGTON – Real estate development and investment company Torrington Properties announced Friday it has acquired the Newington Park Shopping Center for $13.3 million and touted plans to “transform” the site.

The property is located at 2026 Woodbury Ave., between the Mall at Fox Run to the north and The Crossings to the south.

The Newington Park Shopping Center’s current tenants include Savers, JOANN Fabrics and Crafts and Party City, as well as restaurant spaces. York Hospital has a cardiovascular care facility on the property 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 announced it purchased the 15-acre shopping center from real estate investment trust Urstadt Biddle Properties Inc., which owned the property since 1979. The center currently has 102,000 square feet of space for commercial, retail and medical offices.

Torrington stated it plans to “transform the property into a vibrant, energized destination that will benefit Newington and the surrounding area.” The company did not immediately state any specifics about the potential redevelopment plans.