Torrington purchased The Ridge, a 300,000 square-foot commercial retail center in Rochester with approximately 30 tenants, for $51.3 million from Waterstone Properties. Torrington, headquartered in Portsmouth and Boston, Mass., states the plaza, which opened less than 10 years ago, attracts 4.3 million annual visitors.

“For us, this acquisition reflects confidence not only in the strength of the property itself, but in the continued …