A $1.3B CMBS loan backed by 146 properties owned by Workspace Property Trust (WPT)—more than half of the Boca Raton-based company's portfolio—has headed to special servicing.
The loan, originated in 2018 by JPMorgan Chase is scheduled to come due in July, according to a report from Morningstar Credit Information & Analytics.
Most of the properties backed by the loan, which in total encompass about 10M SF in four states, are office and light industrial buildings; more than 60 are located in Pennsylvania.
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