Mixed use · Chicago, Illinois
Millennium Park Plaza
Public CMBS trusts hold $210.0M of the loan on Millennium Park Plaza at 3.66% that reaches maturity on August 6, 2029, in 2 years and 9 months. As of the Sep 2026 and Oct 2026 servicer reports its status is current.
The loan
- Balance in tracked trusts
- $210,000,000
- Original balance (same notes)
- $210,000,000
- Interest rate
- 3.66% fixed
- Originated
- July 19, 2019
- Maturity
- August 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- February 5, 2029
- Master servicer
- Midland Loan Services
- Originator
- Goldman Sachs Bank USA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 155 North Michigan Avenue, Chicago, IL 60601
- Metro
- Chicago-Naperville-Elgin, IL-IN
- Rentable area
- 82,465 sq ft
- Units, rooms or beds
- 557
- Built
- 1982, renovated 2015
- Largest tenants
- SERENGETI WELLNESS, PLLC; PROVIDENCE VENTURE STUDIO 10 LLC D,; NANDOS OF MICHIGAN AVE LLC
- Value at securitization
- $319.0M (Jun 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.01x | 1.66x |
| Occupancy | 99% | 73% |
| Net operating income (annualized from 6 months) | $15.7M | $26.1M |
| Debt yield | 12.4% |
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 GS Mortgage Securities Trust 2019-GC42 filing for the reporting period ending October 6, 2026, filed with the SEC October 22, 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 99% when the loan was securitized to 73%.
- Net operating income is 66% above the underwritten figure ($26.1M a year against $15.7M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.01x at securitization to 1.66x on the latest statements.
- The filing gives Jun 2029 as the lease end date for the largest tenant (SERENGETI WELLNESS, PLLC), 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 | $65.0M | Current | No | 1.66x | 73% |
| September 2026 | $210.0M | Current | No | 1.66x | 73% |
| August 2026 | $210.0M | Current | No | 1.72x | 73% |
| July 2026 | $210.0M | Current | No | 1.72x | 73% |
| June 2026 | $210.0M | Current | No | 1.76x | 73% |
| May 2026 | $210.0M | Current | No | 1.78x | 74% |
| April 2026 | $210.0M | Current | No | 1.78x | 74% |
| March 2026 | $210.0M | Current | No | 1.78x | 74% |
| February 2026 | $210.0M | Current | No | 1.78x | 74% |
| January 2026 | $210.0M | Current | No | 1.78x | 74% |
| December 2025 | $210.0M | Current | No | 1.78x | 74% |
| November 2025 | $210.0M | Current | No | 2.00x | 74% |
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 6 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2019-GC41 | 2 | $70,000,000 | Sep 2026 | SEC filing, September 25, 2026 |
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2019-GC43 | 6 | $40,000,000 | Sep 2026 | SEC filing, September 25, 2026 |
| GS Mortgage Securities Trust 2019-GSA1 | 6 | $35,000,000 | Oct 2026 | SEC filing, October 22, 2026 |
| GS Mortgage Securities Trust 2019-GC42 | 14 | $30,000,000 | Oct 2026 | SEC filing, October 22, 2026 |
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2019-GC43 | 6A | $20,000,000 | Sep 2026 | SEC filing, September 25, 2026 |
| COMM 2019-GC44 Mortgage Trust | 28 | $15,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
Other Chicago-Naperville-Elgin loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 101 45th Street | Munster, IN | Industrial | $138.8M | 3.231% | Dec 2029 | n/a | n/a | Current |
| City Hyde Park | Chicago, IL | Multifamily | $108.7M | 4.70% | Oct 2029 | 1.03x | 83% | Current |
| 5452-5466 S. Ellis Avenue | Chicago, IL | Multifamily | $106.8M | 4.554% | Feb 2029 | n/a | n/a | Current |
| 3500 Lacey Road | Downers Grove, IL | Office | $85.8M | 4.35% | Dec 2029 | 2.39x | 95% | Current |
| Lakeside Apartments | Lisle, IL | Multifamily | $70.0M | 4.935% | Mar 2029 | 1.98x | 95% | Current |
| Hilton Garden Inn & Canopy - Chicago Central Loop | Chicago, IL | Healthcare | $65.0M | 7.60% | Jun 2029 | 1.93x | 74% | Current |
| The Elston Retail Collection | Chicago, IL | Retail | $57.1M | 3.65% | Nov 2029 | 1.40x | 100% | With the special servicer |
| Solstice on the Park | Chicago, IL | Multifamily | $45.0M | 2.75% | Jul 2029 | 2.78x | 90% | Current |
All loans maturing in 2029 · All Chicago-Naperville-Elgin loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting periods ending September 8, 2026, September 11, 2026, October 6, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.