The former site of a Sears store at the Mall at Fox Run has sold to a prominent local development company. 

Massachusetts-based Torrington Properties, known locally for its development of Portsmouth’s mixed-use West End Yards, picked up the property from Seritage Growth Properties for $11.5 million according to public records. Seritage is the REIT formed to lease, redevelop or otherwise dispose of Sears’ real estate assets in 2015. Torrington’s co-investor in the property was The Mount Vernon Co., a Boston-based multifamily developer. 

The transaction was orchestrated by Portsmouth commercial real estate brokerage The Boulos Co., which represented Seritage in the transaction.  

The property has been vacant for some years following Sears’ bankruptcy, and it adds to Torrington’s holdings in the area. The company bought the nearby Newington Park Shopping Center property for $13.3 million in 2021.