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The private real estate investment and management firm is renegotiatingb leases with tenants at the same time it is tryinvg to clear up debt issuexs withits lender. Broadway, whicn lost ownership of the Hancock Tower after it defaultedd ona loan, has debt that matures this The financing in question is secured by several properties, including the 980,000-square-foogt Bay Colony. Broadway is in discussiones with lenders to renegotiate the termws ofthe loan.
Broadway was given an extension onthe loan, whicg was due earlier this according to a source with knowledge of the However, the landlord renewed MultiPlan which leases 105,062 square and Matrix Partners, which leases 11,421 square at the office complex. CB Richard Ellisx represented MultiPlan. DTZ/FHO Partners represented Broadwayy Partners and Matrix in the lease Broadway acquired Bay Colony from Beaconh Capital Partners LLC in May 2007 as part of a largeer portfolioof assets. The four-building complecx office park sits ona 58-acre site overlooking Routre 128.
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