Torrington Properties acquires Newington Park Shopping Center for $13.3 million – 15-acre center purchased from Urstadt Biddle Properties Inc.

Chris Romano  /   September 8, 2021

Real estate development and investment company Torrington Properties (Torrington) has acquired the Newington Park Shopping Center for $13.3 million. Torrington purchased the 15-acre shopping center from real estate investment trust Urstadt Biddle Properties Inc., which owned the property since 1979.

The center offers 102,000 s/f of space for commercial, retail and medical offices. Torrington plans to transform the property into a vibrant, energized destination that will benefit Newington and the surrounding area. The Mount Vernon Company, a firm widely regarded as one of the top developers in New England and known for socially responsible activities and community involvement, has partnered with Torrington on several projects and is a co-investor. The company is headed by Bruce Percelay and was founded over 30 years ago. Torrington also worked with The Boulos Company to secure the Newington Park Shopping Center.

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