Debt outstanding
$170M
1201 THIRD AVE
1201 THIRD AVENUE · Seattle, WA 98101
Every loan the CMBS tape reports against this building, as each trust filed it. A
building is the grain here, not the loan: this one is collateral in
6 separate trusts,
and the slices below are the pieces of its debt, not four different buildings.
Loan slices
6
Trusts
6
Type
Office
Square feet
1,129,710
Year built
1988
Where the filings differ
Each trust describes the building in its own filing, and these are the fields on
which they do not match. Both spellings are printed with the trust that filed each. Often both
are true — a building sits in one municipality and takes its mail in another — and
where one is simply a misspelling, we do not have a basis to say which.
Square feet
1,140,367 — Benchmark 2023-B38 Mortgage Trust; Benchmark 2023-V2 Mortgage Trust
1,129,710 — BANK 2023-BNK46; BANK5 2023-5YR1; BANK5 2023-5YR4; BANK5 2023-5YR2
The debt, slice by slice
| Trust | Balance | Rate | Matures | DSCR | NOI | Occupancy | Originator | Servicer | Special servicing |
|---|---|---|---|---|---|---|---|---|---|
| Benchmark 2023-B38 Mortgage Trust · asset 2 | $60M | 5.58% fixed | 2028-03-09 | 0.91 | $3M | 48% | JPMorgan Chase Bank, N.A. | Wells Fargo Bank, N.A. | No |
| BANK 2023-BNK46 · asset 6 | $42M | 5.58% fixed | 2028-03-09 | 0.91 | $3M | 48% | Morgan Stanley Mortgage Capital Holdings LLC | Trimont | No |
| BANK5 2023-5YR1 · asset 15 | $30M | 5.58% fixed | 2028-03-09 | 0.91 | $3M | 48% | Morgan Stanley Mortgage Capital Holdings LLC | Trimont | No |
| BANK5 2023-5YR4 · asset 16 | $20M | 5.58% fixed | 2028-03-09 | 0.91 | $3M | 48% | Morgan Stanley Mortgage Capital Holdings LLC | Trimont | No |
| BANK5 2023-5YR2 · asset 17 | $10M | 5.58% fixed | 2028-03-09 | 0.91 | $3M | 48% | Morgan Stanley Bank, N.A. | Trimont | No |
| Benchmark 2023-V2 Mortgage Trust · asset 26 | $8M | 5.58% fixed | 2028-03-09 | 0.91 | $3M | 48% | JPMorgan Chase Bank, N.A. | Wells Fargo Bank, N.A. | No |
Named tenants
| Tenant | Square feet | Lease expires |
|---|---|---|
| 1201 3rd Ave Tenant LLC (VVeWork) | 69,081 | 2030-04-30 |
| We Work | 69,081 | 2030-04-30 |
| Kimley-Horn and Associates Inc. | 46,466 | 2034-12-31 |
| Accolade, Inc. | 45,083 | 2030-03-31 |
| Hargis Engineers, Inc. | 44,609 | 2035-12-31 |
The asset-level exhibit names up to three tenants per
slice; where the trusts name different ones, all of them are listed.
- Built from SEC Regulation AB II asset-level filings (Form ABS-EE, Item 1(a) exhibits) as filed by each trust’s depositor. Latest filing on this building: 2026-08-31.
- Rebuilt nightly. A slice that left its pool is excluded by the tape’s own latest-filing cut, so this page shows live debt only.
- Figures are as each trust filed them and are not restated, reconciled or scored here.
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