Old Navy Opens New Location at Hanover Crossing

HANOVER, Mass. - EntSun -- Old Navy officially opened their doors on Saturday, February 5, 2023, at the South Shore's new open-air entertainment and shopping destination, Hanover Crossing.

Old Navy offers 12,513 square foot of retail space with stylish and affordable fashion for everyone. Old Navy opened their first store in 1994 and became the fastest retailer to reach $1 billion in sales within four years. Today they are one of the largest apparel brands in the world.

Old Navy was part of the original Hanover Mall and is the fourth business to open in the new Hanover Crossing. Chipotle opened in May 2021; Market Basket opened March 2022 and Showcase Cinema in November 2022.

Hanover Crossing is a mixed-use redevelopment located 20 miles southeast of Boston in the affluent and desirable South Shore community of Hanover. Along with entertainment, lifestyle and retail tenants, the project has plans that include 297 high-end residential units, forming an amenities-rich "Live, Work, Play" destination experience.

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"Hanover Crossing is excited to announce the addition of Old Navy," said Lloyd Sova, Vice President of Development with PREP Property Group. "They are a great national retailer offering clothing for the whole family. Their presence adds a great element to the Hanover Crossing experience as we continue to expand with new restaurants, shops, and events."

ABOUT HANOVER CROSSING

Hanover Crossing is a vibrant retail based mixed-use shopping center located at 1775 Washington Street, Hanover. The new residential apartments and entertainment components have merged onto this historic retail site. The shopping and dining have been servicing the Hanover market at this location since 1971. Hanover Crossing will be a mindful meeting place for everyone to experience and enjoy. This premier open-air experience hosts two high-volume grocers: Market Basket (including MB Beer & Wine); along with Trader Joe's an anchor at this center for decades. A mix of local, national, regional and tenants customized to satisfy the discerning tastes of the South Shore customer with a collection of various retail and dining options will be opening in the SPRING 2023. For more information please visit: https://thehanovercrossing.com.

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About PREP Property Group (PREP)

PREP Property Group is a vertically-integrated real estate company founded by Michael C. Phillips, co-founder of Phillips Edison & Company, and built on the foundations of Phillips Edison's strategic and net lease real estate divisions.  PREP is focused on transforming retail real estate by repositioning lifestyle centers, power centers and enclosed malls that are undermanaged, capital starved, poorly merchandised and / or distressed.  PREP also acquires and manages well-located, triple-net retail properties from non-institutional sellers and creates value through lease restructure or tenant upgrade. For more information, please visit our website at www.preppg.com.