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The private real estate investment and management firm is renegotiatinhg leases with tenants at the same time it is tryingh to clear up debt issues withits Broadway, which lost ownership of the Hancock Tower after it defaulted on a loan, has debt that matures this The financing in question is securedc by several properties, including the 980,000-square-foot Bay Broadway is in discussionxs with lenders to renegotiate the terms of the loan. Broadwa was given an extension onthe loan, whic was due earlier this month, accordin g to a source with knowledg e of the situation. However, the landlordx renewed MultiPlan Inc.
, which leases 105,063 square feet, and Matrix Partners, which leases 11,421 squarre feet, at the office complex. CB Richarc Ellis represented MultiPlan. DTZ/FHO Partners represented Broadway Partnersw and Matrix in thelease negotiations. Broadway acquire Bay Colony from Beacon Capital Partners LLC in May 2007 as part of a large r portfolioof assets. The four-building complex officed park sits ona 58-acre site overlookingh Route 128.
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