Office · Chicago, Illinois
Aon Center
Public CMBS trusts hold $136.0M of the loan on Aon Center at 4.627% that reached maturity on July 1, 2026, 3 months ago. As of the Sep 2026 servicer report, the latest filed for this loan, its status is past maturity and not performing.
The loan
- Balance in tracked trusts
- $136,000,000
- Original balance (same notes)
- $136,000,000
- Interest rate
- 4.627% fixed
- Originated
- June 8, 2018
- Maturity
- July 1, 2026
- Payments
- Interest only for the full term
- Prepayment lockout ended
- April 30, 2023
- Master servicer
- KeyBank National Association
- Originator
- JPMorgan Chase Bank, National Association
Status
- Payment status
- Non performing matured balloon. (code 5)
- Special servicing
- Transferred February 12, 2026
- Workout strategy
- Other
- Defeasance
- None reported
The property
- Address
- 200 East Randolph Street, Chicago, IL 60601
- Metro
- Chicago-Naperville-Elgin, IL-IN
- Rentable area
- 2,777,240 sq ft
- Built
- 1972, renovated 2018
- Largest tenants
- AON; KPMG LLP; Jones Lang La Salle
- Value at securitization
- $824.0M (May 2018)
Performance
| At securitization | Latest (Sep 2025) | |
|---|---|---|
| DSCR (NOI) | 3.14x | 4.11x |
| Occupancy | 88% | 66% |
| Net operating income (annualized from 9 months) | $51.6M | $26.3M |
| Debt yield | 19.4% |
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 2018-B7 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
- Past maturity
On the cmbs.news watch list in every report since March 2026.
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 88% when the loan was securitized to 66%.
- Net operating income is 49% below the underwritten figure ($26.3M a year against $51.6M; the latest statement covers 9 months, annualized).
- Debt service coverage moved from 3.14x at securitization to 4.11x on the latest statements.
- The most recent valuation in the filing is $195.0M (May 22, 2026), against $824.0M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $136.0M | Non performing matured balloon | Yes | 4.11x | 66% |
| August 2026 | $136.0M | Non performing matured balloon | Yes | 4.11x | 66% |
| July 2026 | $136.0M | Performing matured balloon | Yes | 4.11x | 66% |
| June 2026 | $136.0M | Current | Yes | 4.11x | 66% |
| May 2026 | $136.0M | Current | Yes | 4.11x | 66% |
| April 2026 | $136.0M | Current | Yes | 4.11x | 66% |
| March 2026 | $136.0M | Current | Yes | 4.11x | 66% |
| February 2026 | $136.0M | Current | No | 4.11x | 66% |
| January 2026 | $136.0M | Current | No | 4.11x | 66% |
| December 2025 | $136.0M | Current | No | 2.31x | 66% |
| November 2025 | $136.0M | Current | No | 2.31x | 66% |
| October 2025 | $136.0M | Current | No | 2.31x | 66% |
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.
Special-servicing history
- Transferred to the special servicer February 12, 2026, still there.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
The loan is split into 3 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Benchmark 2018-B4 Mortgage Trust | 6 | $50,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
| Benchmark 2018-B5 Mortgage Trust | 7 | $43,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
| Benchmark 2018-B7 Mortgage Trust | 9 | $43,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
Other Chicago-Naperville-Elgin loans due in 2026
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Riverway | Rosemont, IL | Office | $114.6M | 4.96% | Dec 2026 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Gurnee Mills | Gurnee, IL | Retail | $89.0M | 3.99% | Oct 2026 | 2.27x | 91% | Current |
| 181 West Madison Street | Chicago, IL | Office | $84.4M | 3.90% | Dec 2026 | n/a | n/a | With the special servicer |
| 625 North Michigan Avenue | Chicago, IL | Office | $50.6M | 4.63% | Mar 2026 | 1.33x | 64% | Past maturity and not performing |
| Mariano's - Bronzeville | Chicago, IL | Retail | $19.0M | 4.155% | Nov 2026 | n/a | n/a | Current |
| Cicero Industrial | Cicero, IL | Industrial | $16.7M | 4.25% | Nov 2026 | 3.22x | 93% | Current |
| 2233 South Throop Street | Chicago, IL | Industrial | $15.0M | 3.34% | Oct 2026 | 3.09x | 100% | Current |
| Ontario City Centre | Chicago, IL | Mixed use | $14.5M | 4.72% | Dec 2026 | 2.36x | 100% | Current |
All loans maturing in 2026 · All Chicago-Naperville-Elgin loans
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.