Mixed use · Morristown, New Jersey
Headquarters Plaza
Public CMBS trusts hold $150.0M of the loan on Headquarters Plaza at 4.355% that reaches maturity on November 6, 2027, in 12 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $150,000,000
- Original balance (same notes)
- $150,000,000
- Interest rate
- 4.355% fixed
- Originated
- October 20, 2017
- Maturity
- November 6, 2027
- Payments
- Interest only for the full term
- Prepayment lockout ends
- August 5, 2027
- Master servicer
- Trimont LLC
- Originator
- Barclays Bank PLC
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred June 26, 2020, returned February 2, 2022
- Workout strategy
- Resolved
- Modified
- Yes, most recently April 6, 2020
- Defeasance
- None reported
The property
- Address
- 1,2,3 and 4 Speedwell Avenue, Morristown, NJ 07960
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 729,516 sq ft
- Built
- 1982, renovated 2009
- Largest tenants
- KPMG LLP; Chartwell Group LLC; AMC Theatres
- Value at securitization
- $239.0M (Aug 2017)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 2.56x | 2.28x |
| Occupancy | 92% | 86% |
| Net operating income | $16.9M | $15.1M |
| Debt yield | 10.1% |
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 Wells Fargo Commercial Mortgage Trust 2017-C41 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage down 0.25x or more from securitization
- Modified
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 92% when the loan was securitized to 86%.
- Net operating income is 11% below the underwritten figure ($15.1M a year against $16.9M).
- Debt service coverage moved from 2.56x at securitization to 2.28x on the latest statements.
- The most recent valuation in the filing is $172.6M (June 1, 2021), against $239.0M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $150.0M | Current | No | 2.28x | 86% |
| August 2026 | $150.0M | Current | No | 2.28x | 86% |
| July 2026 | $150.0M | Current | No | 2.28x | 86% |
| June 2026 | $150.0M | Current | No | 2.28x | 86% |
| May 2026 | $150.0M | Current | No | 2.28x | 86% |
| April 2026 | $150.0M | Current | No | 2.34x | 86% |
| March 2026 | $150.0M | Current | No | 2.34x | 86% |
| February 2026 | $150.0M | Current | No | 2.34x | 86% |
| January 2026 | $150.0M | Current | No | 2.34x | 86% |
| December 2025 | $150.0M | Current | No | 2.34x | 86% |
| November 2025 | $150.0M | Current | No | 2.71x | 87% |
| October 2025 | $150.0M | Current | No | 2.71x | 87% |
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 June 26, 2020, returned to the master servicer February 2, 2022.
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 4 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| CD 2017-CD6 Mortgage Trust | 1 | $75,000,000 | Sep 2026 | SEC filing, September 25, 2026 |
| Wells Fargo Commercial Mortgage Trust 2017-C41 | 1 | $35,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| CCUBS Commercial Mortgage Trust 2017-C1 | 10 | $25,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
| Wells Fargo Commercial Mortgage Trust 2017-C41 | 1A | $15,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other New York-Newark-Jersey City loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| General Motors Building | New York, NY | Mixed use | $726.3M | 3.43% | Jun 2027 | 2.58x | 99% | Current |
| 245 Park Avenue | New York, NY | Office | $700.0M | 3.669% | Jun 2027 | 2.08x | 97% | Current |
| Yorkshire Towers | New York, NY | Multifamily | $318.0M | 3.04% | Jun 2027 | n/a | n/a | Current |
| Olympic Tower | New York, NY | Mixed use | $280.0M | 3.954% | May 2027 | n/a | n/a | Current |
| 85 Broad Street | New York, NY | Office | $241.0M | 3.693% | Jun 2027 | 2.28x | 62% | With the special servicer |
| 225 & 233 Park Avenue South | New York, NY | Office | $235.0M | 3.651% | Jun 2027 | -0.14x | 29% | Current |
| Worldwide Plaza | New York, NY | Office | $235.0M | 3.605% | Nov 2027 | 1.49x | 62% | With the special servicer and 90+ days delinquent |
| 237 Park Avenue | New York, NY | Office | $215.4M | 3.752% | Aug 2027 | 3.71x | 89% | Current |
All loans maturing in 2027 · All New York-Newark-Jersey City loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting periods ending September 9, 2026, September 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.