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The private real estate investment and managementf firm is renegotiating leases with tenantx at the same time it is trying to clear up debt issuees withits lender. Broadway, whicy lost ownership of the Hancoc k Tower after it defaulted ona loan, has debt that matureas this month. The financinv in question is secured byseverao properties, including the 980,000-square-foot Bay Colony. Broadway is in discussionse with lenders to renegotiate the terms ofthe loan.
Broadwayu was given an extension on the which was due earlierthis month, accordingb to a source with knowledge of the However, the landlord renewed MultiPlan which leases 105,062 square and Matrix Partners, which leasew 11,421 square feet, at the office CB Richard Ellis represented MultiPlan. DTZ/FHO Partners representedf Broadway Partners and Matrix in the lease Broadway acquired Bay Colony from Beacon Capital Partners LLC in May 2007 as part of a largee portfolioof assets. The four-building complex offics park sits ona 58-acre site overlooking Route 128.
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