Brand Street Properties and Barings Acquire The Shops at Evergreen Walk in Joint Acquisition

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SOUTH WINDSOR, Conn.--(BUSINESS WIRE)--Dec 23, 2025--

Brand Street Properties and Barings announced today the acquisition of The Shops at Evergreen Walk, the premier open-air lifestyle shopping destination in South Windsor, Connecticut. The acquisition follows the several-year period during which Brand Street Properties successfully managed and redeveloped the property, reinforcing the firm’s long-term commitment to Evergreen Walk and the surrounding community.

Celebrating its 20th anniversary in 2024, The Shops at Evergreen Walk has evolved into one of the region’s most dynamic retail destinations. Over the past several years, the center has undergone strategic repositioning, welcoming a lineup of sought-after, destination retailers that have strengthened its regional draw. Recent and notable additions include Whole Foods Market, lululemon, Golf Lounge 18, J.Crew Factory, Gap Factory, Nike, Bluemercury, along with a growing mix of national brands, specialty retailers, dining, and service-oriented businesses.

“The Shops at Evergreen Walk has been a cornerstone of the South Windsor retail landscape for two decades,” said Paul Brandes, President of Brand Street Properties. “Having managed the property for the last five years, we understand what makes The Shops at Evergreen Walk special. This acquisition allows us to build on the strong foundation established over the last 20 years while continuing to invest in best-in-class retailers, elevated experiences, and community-focused programming.”

“The Shops at Evergreen Walk is a high-quality, well-located retail asset that aligns with our strategy of investing in dominant open-air centers in strong suburban markets,” said Chris Cassella, Managing Director at Barings. “South Windsor benefits from attractive demographics and sustained consumer demand, and we believe Evergreen Walk is well positioned for long-term performance.”

Strategically located along Interstate 84, The Shops at Evergreen Walk serves as a regional destination for shopping, dining, and entertainment. The property is also known for its robust calendar of seasonal events, family-friendly programming, and experiential offerings that extend beyond traditional retail.

Under Brand Street Properties and Barings ownership, The Shops at Evergreen Walk will continue to focus on thoughtful tenant curation, ongoing capital improvements, and enhancements to the customer experience. Planned initiatives include continued reinvestment in the property, refreshed common areas, and expanded events designed to drive traffic and strengthen community connections.

The acquisition aligns with the two group’s broader investment strategy centered on high-quality retail and mixed-use assets with strong fundamentals and long-term growth potential.

About Brand Street Properties

Brand Street Properties is a privately held real estate investment, development, and management firm specializing in retail and mixed-use properties. The firm takes a hands-on, strategic approach to asset management, focusing on leasing, property enhancements, and community engagement to drive long-term value. Brand Street Properties owns and manages properties throughout Connecticut and beyond including Massachusetts, New York, New Jersey, North Carolina, Pennsylvania, Rhode Island, and Vermont.

About Barings

Barings is a $470+ billion* global asset management firm that partners with institutional, insurance, and intermediary clients, and supports leading businesses with flexible financing solutions. The firm seeks to deliver excess returns by leveraging its global scale and capabilities across public and private markets in fixed income, real assets and capital solutions.

*As of September 30, 2025

About The Shops at Evergreen Walk

The Shops at Evergreen Walk is Connecticut's premier, outdoor Lifestyle Center offering an outstanding collection of the most coveted national brands, specialty retailers and restaurants in South Windsor and the surrounding market. This pedestrian-friendly environment resembles a traditional New England village with spacious walkways. Unique spaces make for great gathering places to meet family and friends and vehicular access down our main street allows convenient, free parking in front of your favorite stores and restaurants. For more information, visit www.theshopsatevergreenwalk.com

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Kate Terricciano,[email protected], 860.919.1020

KEYWORD: UNITED STATES NORTH AMERICA CONNECTICUT

INDUSTRY KEYWORD: PROFESSIONAL SERVICES RETAIL OTHER RETAIL COMMERCIAL BUILDING & REAL ESTATE FINANCE CONSTRUCTION & PROPERTY

SOURCE: Barings

Copyright Business Wire 2025.

PUB: 12/23/2025 08:01 AM/DISC: 12/23/2025 08:02 AM

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