Tenant exposure
Nordstrom in CMBS
The trusts' filings name Nordstrom among the three largest tenants at properties securing 17 public CMBS loans with $3.0B outstanding. It is the largest tenant at 3 of them. None of those loans is delinquent or with a special servicer.
Every loan
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Fashion Valley Mall | San Diego, CA | Retail | $450.0M | 5.73% | Jun 2033 | 3.72x | 99% | Current |
| Del Amo Fashion Center | Torrance, CA | Retail | $400.0M | 3.658% | Jun 2027 | 4.52x | 75% | Current |
| St. Johns Town Center | Jacksonville, FL | Retail | $360.0M | 5.948% | Jun 2034 | n/a | n/a | Current |
| Tysons Corner Center | McLean, VA | Retail | $269.8M | 6.601% | Dec 2028 | 1.93x | 86% | Current |
| Kenwood Towne Centre | Cincinnati, OH | Retail | $260.0M | 6.271% | Mar 2029 | n/a | n/a | Current |
| Scottsdale Fashion Square | Scottsdale, AZ | Retail | $200.0M | 6.214% | Mar 2028 | 2.08x | n/a | Current |
| The Shops at Mission Viejo | Mission Viejo, CA | Retail | $180.0M | 6.725% | Jan 2035 | 1.82x | 90% | Current |
| Twelve Oaks Mall | Novi, MI | Retail | $170.2M | 4.399% | Mar 2028 | 2.43x | 86% | Current |
| The Westchester | White Plains, NY | Retail | $150.0M | 3.25% | Feb 2030 | 2.41x | 93% | Current |
| Garden State Plaza | Paramus, NJ | Retail | $100.0M | 6.613% | Jan 2029 | 2.76x | 90% | Current |
| Nut Tree Plaza | Vacaville, CA | Retail | $84.0M | 4.74% | May 2032 | 2.10x | 96% | Current |
| The Block Northway | Pittsburgh, PA | Retail | $80.7M | 4.649% | Mar 2029 | 1.35x | 83% | Current |
| Marketplace at the Outlets | West Palm Beach, FL | Retail | $79.0M | 3.454% | Jan 2032 | 2.87x | 99% | Current |
| 1 Union Square South Retail | New York, NY | Retail | $75.0M | 2.271% | Oct 2031 | 4.49x | 100% | Current |
| Sacramento Gateway | Sacramento, CA | Retail | $61.5M | 6.456% | Oct 2029 | 1.66x | 96% | Current |
| Wilmot Plaza | Tuscon, AZ | Retail | $27.8M | 3.907% | Oct 2031 | 1.91x | 100% | Current |
| Midtown Shopping Center | Anchorage, AK | Retail | $25.0M | 4.445% | May 2032 | 2.27x | 81% | Current |
Where Nordstrom is the largest tenant: lease end dates
| Property | Lease ends | Loan matures | Balance |
|---|---|---|---|
| The Block Northway | Aug 2028 | Mar 2029 | $80.7M |
| Twelve Oaks Mall | Feb 2035 | Mar 2028 | $170.2M |
| The Westchester | Mar 2035 | Feb 2030 | $150.0M |
Red: the lease ends before the loan matures, the rollover a refinancing lender will look at hardest.
Filed names grouped here: NORDSTROM; Nordstrom; Nordstrom, Inc. From each trust's ABS-EE filing (largest, second and third largest tenant fields). Pro will alert you when any of these loans changes.