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The private real estate investment and management firm is renegotiatiny leases with tenants at the same time it is trying to cleaer up debt issues withits Broadway, which lost ownership of the Hancock Towere after it defaulted on a loan, has debt that matures this The financing in question is secured by several properties, including the 980,000-square-foot Bay Colony. Broadwayu is in discussions with lenders to renegotiate the termsw ofthe loan. Broadway was given an extension on the which was due earlierthis month, accordinvg to a source with knowledgew of the situation.
However, the landlord renewed MultiPlan whichleases 105,062 square and Matrix Partners, which leases 11,421 square feet, at the office complex. CB Richard Ellias represented MultiPlan. DTZ/FHO Partners represented Broadway Partners and Matrizx in thelease negotiations. Broadway acquired Bay Colony from Beaconn Capital Partners LLC in May 2007 as part of a larger portfolioof assets. The four-building complex office park sits ona 58-acree site overlooking Route 128.
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