Tenant exposure
Primark in CMBS
The trusts' filings name Primark among the three largest tenants at properties securing 4 public CMBS loans with $1.3B outstanding. It is the largest tenant at 2 of them. None of those loans is delinquent or with a special servicer.
Every loan
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Queens Center | Elmhurst, NY | Retail | $510.0M | 5.37% | Nov 2029 | 1.94x | 93% | Current |
| Kings Plaza | Brooklyn, NY | Retail | $487.0M | 3.359% | Jan 2030 | 2.38x | 91% | Current |
| Staten Island Mall | Staten Island, NY | Retail | $200.0M | 7.534% | Feb 2029 | 1.24x | 88% | Current |
| Coolsprings Galleria | Franklin, TN | Retail | $131.4M | 4.839% | May 2028 | 1.95x | 93% | Current |
Where Primark is the largest tenant: lease end dates
| Property | Lease ends | Loan matures | Balance |
|---|---|---|---|
| Staten Island Mall | Jun 2027 | Feb 2029 | $200.0M |
| Queens Center | Jan 2035 | Nov 2029 | $510.0M |
Red: the lease ends before the loan matures, the rollover a refinancing lender will look at hardest.
Filed names grouped here: Primark. From each trust's ABS-EE filing (largest, second and third largest tenant fields). Pro will alert you when any of these loans changes.