RPT Realty has acquired The Crossings, a 509,749-square-foot, dominant, regional retail center anchored by Trader Joe’s and Aldi in the coastal community of Newington, New Hampshire.
The sales price was $104 million. JLL Capital Markets advised the undisclosed seller.
Positioned on 61.01 acres at 45 Gosling Road, The Crossings is on the Newington-Portsmouth border about a mile north of Interstate 95, which connects to all major cities on the East Coast and is travelled by more than 72,000 vehicles per day. The property’s location on the New Hampshire coast places it in one of the most desirable regions of New England, which, along with tax-free shopping, draws 4.2 million customer visits annually, making it the fourth most-visited shopping center in New Hampshire. Additionally, the property is within an affluent trade area 50 miles from Boston and Portland, Maine, that houses major economic drivers such as Pease International Tradeport, Downtown Portsmouth and the
