Updated Jan 19, 2026
Brand Street Properties And Barings Purchase The Shops At Evergreen Walk For $98.25M In South Windsor
501 Evergreen Way
$98,250,000
Building Size
—
Asset Type
Retail
Closing
Jan 14, 2026
About this deal
AI
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.
On the Map
$98,250,000
Retail
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Players
South Windsor Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93