Office · Charlotte, North Carolina
Innovation Park
Public CMBS trusts hold $182.3M of the loan on Innovation Park at 3.505% that reaches maturity on November 1, 2029, in 3 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $182,250,000
- Original balance (same notes)
- $182,250,000
- Interest rate
- 3.505% fixed
- Originated
- October 18, 2019
- Maturity
- November 1, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ended
- December 31, 2021
- Prepayment premium ends
- July 31, 2029 (yield maintenance)
- Master servicer
- Midland Loan Services
- Originator
- JPMorgan Chase Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 7201, 7207, 7345 IBM Drive 8105, 8201, 8203, 8209, 8335, 8405, 8501,8505,8511, Charlotte, NC 28262
- Metro
- Charlotte-Concord-Gastonia, NC-SC
- Rentable area
- 1,774,315 sq ft
- Built
- 1979, renovated 2013
- Largest tenants
- The IMAGINE Group, LLC; Equitable Financial Life Insurance Company; Royal Appliance Mfg. Co
- Value at securitization
- $262.9M (Aug 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 3.27x | 1.22x |
| Occupancy | 96% | 49% |
| Net operating income (annualized from 6 months) | $21.2M | $15.9M |
| Debt yield | 8.8% |
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 2019-B14 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
- NOI down 20% 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 96% when the loan was securitized to 49%.
- Net operating income is 25% below the underwritten figure ($15.9M a year against $21.2M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 3.27x at securitization to 1.22x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $182.3M | Current | No | 1.22x | 49% |
| August 2026 | $182.3M | Current | No | 1.37x | 49% |
| July 2026 | $182.3M | Current | No | 1.37x | 49% |
| June 2026 | $182.3M | Current | No | 1.37x | 49% |
| May 2026 | $182.3M | Late payment but less than 30 days delinquent | No | 1.37x | n/a |
| April 2026 | $182.3M | Current | No | 1.25x | 48% |
| March 2026 | $182.3M | Current | No | 1.25x | 48% |
| February 2026 | $182.3M | Current | No | 1.38x | 49% |
| January 2026 | $182.3M | Current | No | 1.38x | 49% |
| December 2025 | $182.3M | Current | No | 1.38x | 49% |
| November 2025 | $182.3M | Current | No | 1.38x | 49% |
| October 2025 | $182.3M | Current | No | 1.48x | 48% |
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 3 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BENCHMARK 2019-B15 MORTGAGE TRUST | 2 | $67,250,000 | Sep 2026 | SEC filing, September 30, 2026 |
| Benchmark 2019-B14 Mortgage Trust | 3 | $60,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
| JPMDB Commercial Mortgage Securities Trust 2019-COR6 | 3 | $55,000,000 | Sep 2026 | SEC filing, September 23, 2026 |
Other Charlotte-Concord-Gastonia loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Panorama Tower | Charlotte, NC | Mixed use | $71.5M | 7.37% | Mar 2029 | 2.06x | 72% | Current |
| Hilton at University Place | Charlotte, NC | Hotel | $40.4M | 5.10% | Apr 2029 | 1.86x | 70% | Current |
| Whitehall III & V | Charlotte, NC | Office | $31.5M | 3.693% | Dec 2029 | 1.86x | 88% | Current |
| Queen's Grant | Charlotte, NC | Manufactured housing | $29.7M | 6.40% | Sep 2029 | n/a | n/a | Current |
| Gateway Center | Charlotte, NC | Office | $28.4M | 4.95% | Apr 2029 | -0.54x | 9% | With the special servicer and 90+ days delinquent |
| Sharon Square | Charlotte, NC | Office | $24.4M | 4.47% | Dec 2029 | 1.35x | 79% | Current |
| Compucom World Headquarters | Fort Mill, SC | Office | $23.5M | 5.06% | Jan 2029 | 1.79x | 100% | Current |
| Ncdc | Statesville, NC | Mixed use | $20.5M | 4.75% | May 2029 | n/a | n/a | Current |
All loans maturing in 2029 · All Charlotte-Concord-Gastonia 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.