Wells Fargo Bank, N.A. v. Tech Park Owner LLC (Rochester Tech Park $96.9M CMBS Foreclosure)

Wells Fargo is seeking summary judgment to foreclose on Rochester Tech Park, a 288-acre former Kodak office-and-industrial complex, alleging the owner owes $96.9 million on a defaulted 2017 CMBS loan.

Wells Fargo Bank, N.A., as trustee for a commercial mortgage-backed securities trust, has moved for summary judgment in its foreclosure action against Tech Park Owner LLC over Rochester Tech Park, a 288-acre former Eastman Kodak office-and-industrial complex outside Rochester, New York. The lender's October 2026 motion alleges the borrower and its guarantors owe roughly $96.9 million in principal, interest and fees on a loan Wells Fargo funded in 2017, plus about $2.356 million the lender advanced to keep the property's electricity on after the ownership fell behind on utility payments in 2024.

Why it matters

The case shows CMBS foreclosure exposure extending well beyond the office towers that have dominated distress headlines: a 288-acre light-industrial and office park, built around a single large corporate tenant, can carry nine-figure loan risk once occupancy and cash flow erode. Lenders on aging single-tenant-turned-multi-tenant industrial parks should watch for the same early warning sign that surfaced here -- a borrower falling behind on a utility bill large enough to threaten a service shutoff -- which can force a lender to advance emergency funds long before a formal default notice goes out.

Part of the CMBS Foreclosure & Special Servicing Tracker: every related matter in one table.

Case timeline · 6 entries Latest: October 22, 2026 — Wells Fargo moves for summary judgment, alleging $96.9 million owed

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