QUINCY, MA – July 05, 2022 – The owners of 1560-1572 Hancock Street in Quincy, MA, 1562 Hancock PAPQ, LLC, have recently selected SVN Parsons Commercial Group BOSTON to pre-lease the retail space in a mixed use development that will break ground in September 2023. The leasing will be handled by Marci Alvarado, Senior Advisor at the firm. Alvarado recently represented the same ownership group on the successful leasing of their existing retail portfolio in downtown Quincy.
The owners of 1560-1572 Hancock Street plan to deliver 215 residential units and approximately 12,538 rentable square-feet of retail space sometime late in 2025. The ground floor retail units can be subdivided to a minimum of approximately 2,000 rentable square-feet. In addition, a large patio along the side of the property will be built and access to the City Parking Garage which has over 700 parking spaces is located just behind the new development.
“We are very excited to be working with the owners on this exceptional project”, says Alvarado. The developers are well established within the City of Quincy and they are a proven entity that is looking to attract retail tenants that will bring amenities to the growing residential population and commercial space users in the area. The “Nova Residences” which is an upscale 171 unit mixed use property that is now 100% leased and located just next door to the site is another example of the owner’s recent development projects.
According to Alvarado, “the ability of prospective tenants to have input on the design features of the space from an early stage is a true benefit to any tenant who needs specialized space. This is an opportunity to secure a prime retail space in what will surely be a first class building and location.” For leasing information, please reach out to Marci Alvarado at 508-271-9219 or marci.alvarado@svn.com
About SVN | Parsons Commercial Group | Boston SVN® | Parsons Commercial Group | Boston is an independently owned and operated SVN® office located in Framingham, MA. The company is a leading provider of commercial real estate services including, leasing (tenant and landlord representation), investment sales, property management, development and construction management services.
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