Jay Bisognano Of Torrington Properties Acquires Retail Center In Rochester NH For $51.3M

The transaction involved a retail asset located at 92 Farmington Road in Rochester, NH. The property encompasses 300,000 square feet and was sold for $51,300,000, reflecting a price per square foot of $171. The retail center features over 30 national and regional tenants.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $51,300,000
• Buyer: Jay Bisognano - Torrington Properties
• Seller: Anton Melchionda - Waterstone Properties Group
• Lender: Rockland Trust & Goedecke & Co. & LLC

Torrington Properties acquired the retail center known as The Ridge from Waterstone Properties Group. The financing for the acquisition was supported by loans from Rockland Trust and Goedecke & Co.