Office · Rockville, Maryland
GSK R&D Centre
Public CMBS trusts hold $138.0M of the loan on GSK R&D Centre at 3.945% that reaches maturity on January 6, 2027, in 2 months. As of the Oct 2026 servicer report its status is with the special servicer.
The loan
- Balance in tracked trusts
- $138,000,000
- Original balance (same notes)
- $138,000,000
- Interest rate
- 3.945% fixed
- Originated
- December 29, 2016
- Maturity
- January 6, 2027
- Payments
- Interest only for the full term
- Prepayment lockout ended
- April 5, 2019
- Originator
- GSMC
Status
- Payment status
- Payment not received but still in grace period or not yet due. (code A)
- Special servicing
- Transferred March 31, 2026
- Workout strategy
- Other
- Defeasance
- None reported
The property
- Address
- 14200 Shady Grove Road, Rockville, MD 20850
- Metro
- Washington-Arlington-Alexandria, DC-VA-MD-WV
- Rentable area
- 635,058 sq ft
- Built
- 2003, renovated 2016
- Largest tenants
- Human Gerome Sciences
- Value at securitization
- $345.5M (Dec 2016)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 4.82x | 7.84x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $26.6M | $45.7M |
| Debt yield | 33.1% |
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 GS Mortgage Securities Trust 2017-GS6 filing for the reporting period ending October 6, 2026, filed with the SEC October 22, 2026.
- With the special servicer
- Matures within 12 months
On the cmbs.news watch list in every report since April 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
- Net operating income is 72% above the underwritten figure ($45.7M a year against $26.6M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 4.82x at securitization to 7.84x on the latest statements.
- The filing gives May 2026 as the lease end date for the largest tenant (Human Gerome Sciences), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $138.0M | Payment not received but still in grace period or not yet due | Yes | 7.84x | 100% |
| September 2026 | $138.0M | Late payment but less than 30 days delinquent | Yes | 5.12x | 100% |
| August 2026 | $138.0M | Payment not received but still in grace period or not yet due | Yes | 5.12x | 100% |
| July 2026 | $138.0M | Current | Yes | n/a | n/a |
| June 2026 | $138.0M | Late payment but less than 30 days delinquent | Yes | n/a | n/a |
| May 2026 | $138.0M | Current | Yes | n/a | n/a |
| April 2026 | $138.0M | Payment not received but still in grace period or not yet due | Yes | 5.09x | 100% |
| March 2026 | $138.0M | Current | No | 5.09x | 100% |
| February 2026 | $138.0M | Current | No | 5.02x | 100% |
| January 2026 | $138.0M | Current | No | 5.02x | 100% |
| December 2025 | $138.0M | Current | No | 5.02x | 100% |
| November 2025 | $138.0M | Current | No | 4.97x | 100% |
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 March 31, 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 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| GS Mortgage Securities Trust 2017-GS5 | 4 | $72,500,000 | Oct 2026 | SEC filing, October 22, 2026 |
| GS Mortgage Securities Trust 2017-GS6 | 5 | $65,500,000 | Oct 2026 | SEC filing, October 22, 2026 |
Other Washington-Arlington-Alexandria loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Lafayette Centre | Washington, DC | Office | $243.0M | 4.246% | Mar 2027 | n/a | n/a | With the special servicer |
| Pentagon Center | Arlington, VA | Office | $210.0M | 4.326% | Mar 2027 | 2.81x | 100% | Current |
| 1235 South Clark Street | Arlington, VA | Office | $72.5M | 3.939% | Nov 2027 | 1.35x | 65% | Current |
| 2U Headquarters | Lanham, MD | Office | $50.6M | 4.45% | Nov 2027 | -0.44x | n/a | With the special servicer and 90+ days delinquent |
| Westin Crystal City | Arlington, VA | Hotel | $48.0M | 4.511% | Aug 2027 | n/a | n/a | Current |
| Ritchie Station Marketplace | Capitol Heights, MD | Retail | $36.5M | 4.45% | Jun 2027 | 1.48x | 100% | Current |
| Hilltop Plaza | Bowie, MD | Retail | $35.2M | 4.295% | Jul 2027 | 1.72x | 95% | Current |
| Manhattan Laundry | Washington, DC | Mixed use | $32.9M | 4.392% | Aug 2027 | 2.17x | 100% | Current |
All loans maturing in 2027 · All Washington-Arlington-Alexandria loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending October 6, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.