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Brand Street Properties Secures $76.9 Million Acquisition Loan For The Shops At Evergreen Walk
FINANCED
Connecticut
See Similar DealsRetail357,742 SF
Financed 01/15/2026
FINANCED
Brand Street Properties Secures $76.9 Million Acquisition Loan For The Shops At Evergreen Walk
501 Evergreen Way
See Similar DealsRetail357,742 SF
Financed 01/15/2026
Summary
CONNECTICUT
Asset Type:Retail
Price Per Square Foot:$215
Total Square Footage:357,742 SF
Transaction Type:Loan
The Shops at Evergreen Walk is a retail asset located at 501 Evergreen Way in South Windsor, Connecticut, comprising 357,742 square feet. Brand Street Properties has secured a $76.9 million acquisition loan to facilitate the purchase of this retail center.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $76,900,000
- Asset Size: 357,742 SF
- Address: 501 Evergreen Way
- Market: South Windsor, CT
- Landlord: Paul Brandes - Brand Street Properties
- Brokers: Chris Angelone, Zach Nitsche & Scott Aiese - JLL
- Loan Type: Acquisition
JLL Capital Markets arranged joint venture equity with Barings alongside the acquisition loan from an international bank, acting on behalf of Brand Street Properties in this transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$76,900,000.00
Monthly NOI$512,666.67
Monthly Debt Service$486,060.31
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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