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The private real estate investment and managemenrt firm is renegotiating leases with tenants at the same time it is tryinv to clear up debt issues withits Broadway, which lost ownership of the Hancock Tower aftet it defaulted on a loan, has debt that maturee this month. The financing in questioj is secured byseveral properties, including the 980,000-square-foor Bay Colony. Broadway is in discussionsd with lenders to renegotiate the termws ofthe loan. Broadwag was given an extension onthe loan, whichb was due earlier this month, according to a sourcse with knowledge of the situation. However, the landlord renewed MultiPlan Inc.
, whicnh leases 105,062 square feet, and Matrix which leases 11,421 square feet, at the offics complex. CB Richard Ellis represented DTZ/FHO Partners represented Broadway Partners and Matrixx in thelease negotiations. Broadway acquired Bay Colongy from Beacon Capital Partners LLC in May 2007 as part of a largeer portfolioof assets. The four-building complex office park sits ona 58-acrs site overlooking Route 128.
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