Torrington Properties has purchased the Class A 263,000-square-foot building at 100 Domain Dr. in Exeter from Period Realty Trust for $46,930,000. The acquisition comes on the heels of Torrington’s purchase of Newington Park which offers 102,000 square feet of commercial, retail and medical office space.
Torrington plans to modernize the building and breathe new life into 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 unique, flexible 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 Drive is ideally located for businesses looking to relocate, situated directly off Exit 12 on Route 101, about 2.5 miles from Interstate 95, and a short drive to the Massachusetts border.
Originally built in 1984, 100 Domain Drive 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.