John Basile & Co. Inc. has purchased a Quincy property, which will house a TD Bank branch, for $4.25 million.
The 3,834 square foot property is located at 516 Adams St. The property is currently under construction and scheduled for completion later this year. The TD Bank will have a 20-year ground lease with four five-year options.
Bob Horvath and Todd Tremblay of Marcus & Millichap Real Estate Investment Services represented the seller, Naked Real Estate LLC, and procured the buyer.