Office · Chicago, Illinois
200 West Jackson
Public CMBS trusts hold $86.0M of the loan on 200 West Jackson at 3.72% that reaches maturity on February 6, 2032, in 5 years and 3 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $86,000,000
- Original balance (same notes)
- $86,000,000
- Interest rate
- 3.72% fixed
- Originated
- January 31, 2022
- Maturity
- February 6, 2032
- Payments
- Interest only for the full term
- Prepayment lockout ends
- November 5, 2031
- Master servicer
- Midland Loan Services
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 200 West Jackson Boulevard, Chicago, IL 60606
- Metro
- Chicago-Naperville-Elgin, IL-IN
- Rentable area
- 492,378 sq ft
- Built
- 1971, renovated 2016
- Largest tenants
- Nielsen LL ,cnn ,Inn; OLAM AMERICAS INC; NORTH AMERICAN DERIV
- Value at securitization
- $155.0M (Nov 2021)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.71x | 1.69x |
| Occupancy | 89% | 73% |
| Net operating income (annualized from 6 months) | $8.8M | $11.1M |
| Debt yield | 12.9% |
Debt yield here is the latest NOI divided by the balance held in the trusts below. If part of the loan sits outside them, the true figure is lower.
Watch flags
Computed from the BENCHMARK 2022-B35 MORTGAGE TRUST filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
What the filing shows
- Occupancy has fallen from 89% when the loan was securitized to 73%.
- Net operating income is 26% above the underwritten figure ($11.1M a year against $8.8M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.71x at securitization to 1.69x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $86.0M | Current | No | 1.69x | 73% |
| August 2026 | $86.0M | Current | No | 2.33x | 73% |
| July 2026 | $86.0M | Current | No | 2.33x | 73% |
| June 2026 | $86.0M | Current | No | 2.33x | 73% |
| May 2026 | $86.0M | Current | No | 1.91x | 73% |
| April 2026 | $86.0M | Current | No | 1.94x | 73% |
| March 2026 | $86.0M | Current | No | 1.94x | 73% |
| February 2026 | $86.0M | Current | No | 1.47x | 73% |
| January 2026 | $86.0M | Current | No | 1.49x | 76% |
| December 2025 | $86.0M | Current | No | 1.70x | 100% |
| November 2025 | $86.0M | Current | No | 1.70x | 81% |
| October 2025 | $86.0M | Current | No | 1.70x | 81% |
From each trust's ABS-EE filing for that month. Coverage and occupancy change only when the servicer reports new statements. If one trust holding a piece of the loan skipped a month, that month's balance reads low.
Where the loan sits
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Benchmark 2022-B33 Mortgage Trust | 8 | $46,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
| BENCHMARK 2022-B35 MORTGAGE TRUST | 13 | $40,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other Chicago-Naperville-Elgin loans due in 2032
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Chase St. | Gary, IN | Industrial | $42.0M | 5.92% | Jun 2032 | n/a | n/a | Current |
| Chicago Business Center | Chicago, IL | Industrial | $33.6M | 4.025% | Jan 2032 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Lincoln Place | Fairview Heights, IL | Retail | $28.0M | 5.16% | Jun 2032 | 2.04x | 99% | Current |
| South Michigan Avenue | Chicago, IL | Mixed use | $22.5M | 5.92% | Aug 2032 | 1.49x | 100% | Current |
| Chicago Marketplace | Chicago, IL | Industrial | $17.7M | 4.025% | Jan 2032 | n/a | n/a | With the special servicer and 90+ days delinquent |
| 4520 S Drexel Boulevard | Chicago, IL | Multifamily | $15.4M | 6.15% | Jun 2032 | 1.00x | 85% | With the special servicer and 90+ days delinquent |
| Village Plaza | Morton Grove, IL | Retail | $14.5M | 3.265% | Jan 2032 | 4.57x | 95% | Current |
| South Matteson Property | Matteson, IL | Retail | $11.6M | 3.773% | Jan 2032 | n/a | n/a | Current |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.