Torrington Properties (Torrington) has purchased the class A 263,000 s/f building at 100 Domain Dr. from Period Realty Trust for $46.93 million. The acquisition comes on the heels of Torrington’s purchase of
Newington Park which offers 102,000 s/f of commercial, retail and medical office space.
Torrington plans to modernize the building and renovate its common areas, fitness facility and café.
“We’re thrilled to add 100 Domain to our growing portfolio of properties. We have a vision for the building that will solidify its place as the Seacoast’s premier commercial property,” said Jay Bisognano, founder and CEO of Torrington Properties. “Torrington will incorporate forward-thinking ideas to re-energize this space and make it an exciting place to work and run a business in the 21st century.”
The building is home to Bauer Hockey, a hockey equipment and apparel manufacturer, FH Cann & Associates, a financial recovery firm, Digital Prospectors, an IT staffing company, Garnet Hill, an online purveyor of high-quality garments, and Vapotherm, a medical device manufacturer.
The building offers commercial space including class A office, manufacturing areas and high-bay warehousing. It is in one of the New Hampshire Seacoast region’s premier business parks, with neighbors such as Lindt & Sprüngli, Timberland, and UPS.
100 Domain Dr. is situated off Exit 12 on Rte.101, about 2.5 miles from I-95 near the Mass. border.
Originally built in 1984, 100 Domain Dr. was the former corporate headquarters of Tyco International, a producer of optical and electronic components at the time, until it vacated the space about 20 years ago. The Boulos Company in Portsmouth brokered the deal on behalf of the seller, Period Realty Trust.MORE >
West End yards is a three-building, mixed-use redevelopment of the former Frank Jones Center in Portsmouth’s West End. Two buildings feature 250 units of housing and a large connecting courtyard. A third building will house retail and commercial tenants, including the corporate headquarters of a regional medical provider, Buffalo Wild Wings, a fitness center and a local restaurant.
Completion Date: June 2022
Building Owner: Torrington Properties and The Dolben Company
Construction Company: Eckman Construction in Bedford
Key Amenities: The project includes several amenities for the residents, including a roof deck, lounges, a fitness center, a coffee bar, a dog wash station, bike storage, onsite storage, work-from-home/co-working spaces and conference spaces.
Distinctive Features: West End Yards is the first development to use Portsmouth’s new “Gateway Zoning” ordinance that was created to encourage a mix of residential and non-residential uses at key entry points to the city. The project transformed a dilapidated 12-acre property. This development also created a connector road and bike path to provide direct access from Route 1 Bypass to Portsmouth’s downtown area.MORE >
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, Torrington Properties. “Newington Park has tremendous potential to become a destination that will enhance this already bustling commercial and retail environment.”MORE >