Boston firm buys Exeter Class A commercial building for $46.9 million
Torrington Properties acquires 236,000-square-foot 100 Domain Drive
In what it is being described as one of the largest recent real estate transactions to take place in New Hampshire, 100 Domain Drive, a 236,000-square-foot Class A office/manufacturing/warehousing building in Exeter, has been sold for $46.9 million by Period Realty Trust to Boston-based Torrington Properties Inc.
The acquisition comes on the heels of Torrington’s purchase of Newington Park in nearby Newington, which has 102,000 square feet of commercial, retail and medical office space.
In a release, Torrington said it plans to modernize 100 Domain Drive and “breathe new life into its common areas, fitness facility and café.”
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.
Originally built in 1984, 100 Domain Drive was the former corporate headquarters of the Tyco International conglomerate, until it vacated the space about 20 years ago.
The transaction was brokered by Caitlin Burke and Kent White of The Boulos Company, Portsmouth, who brokered the .
The Boulos Company in Portsmouth brokered the deal on behalf of the seller.