Updated Feb 17, 2026
FoxRock Properties Secures $58 Million Loan From PGIM For Mixed-Use Redevelopment In Quincy
1170 Hancock Street & 1200 Hancock Street
$58,000,000
Building Size
—
Asset Type
Mixed-use
Closing
Feb 16, 2026
About this deal
AI
1170 Hancock Street and 1200 Hancock Street are located in Quincy, MA, serving as a mixed-use redevelopment project. The redevelopment has been financed through a mortgage of $58 million, indicating significant investment in the property.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $58,000,000
- Lender: Jacques Chappuis - PGIM
- Landlord: FoxRock Properties
The transaction was facilitated by Jacques Chappuis of PGIM, representing the lender in this substantial mortgage arrangement for FoxRock Properties, which is leading the redevelopment at the specified addresses in Quincy Center.
On the Map
$58,000,000
Mixed-use
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Players
Quincy Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93