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Brand Street Properties And Barings Purchase The Shops At Evergreen Walk For $98.25M In South Windsor
SOLD
$98,250,000
Connecticut
See Similar DealsRetail
Sold 01/14/2026
SOLD
Brand Street Properties And Barings Purchase The Shops At Evergreen Walk For $98.25M In South Windsor
501 Evergreen Way
See Similar DealsRetail
Sold 01/14/2026
Summary
CONNECTICUT
Asset Type:Retail
Transaction Type:Sale
The Shops at Evergreen Walk, located at 501 Evergreen Way in South Windsor, CT, is a grocery-anchored lifestyle center with an estimated 3.4 million annual visitors. The property was sold for $98.25 million, marking a significant transaction in the retail asset category.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $98,250,000
- Buyer: Paul Brandes - Brand Street Properties & Barings
- Seller: PGIM
- Broker: Nat Heald - CBRE
Nat Heald’s team at CBRE represented the seller, PGIM, in this transaction. The deal was finalized on January 14, 2026, highlighting the collaborative efforts in securing this retail asset for Brand Street Properties and Barings.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$5,239,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$349,061.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$465,755.12
Annual Debt Service$5,589,061.50
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