Updated May 1, 2026
Walmart Affiliate Acquires Industrial Building In East Hartford From Jacques Chappuis For $212 Million
475 East Hartford Boulevard North
$212,000,000
$84/SF
Building Size
2,500,000 SF
Asset Type
Industrial
Closing
Apr 30, 2026
About this deal
AI
An industrial asset located at 475 East Hartford Boulevard North in East Hartford, CT, has been sold for approximately $212 million. The property spans 2,500,000 square feet, translating to a price per square foot of $85. The transaction involves part of the East Hartford Logistics & Technology Park, which was completed in 2024.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $212,000,000
- Address: 475 East Hartford Boulevard North
- Market: East Hartford, CT
- Square Footage: 2,500,000
- Price Per Square Foot: $85
- Buyer: Affiliate of Walmart
- Seller: Jacques Chappuis - PGIM & National Development
The deal was facilitated by an affiliate of Walmart, who has acquired this industrial building from Jacques Chappuis, representing PGIM and National Development, completing a significant transaction in the area.
On the Map
$212,000,000
$84/SF
Industrial
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Players
East Hartford Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93