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The private real estate investment and managemenr firm is renegotiating leases with tenants at the same time it is tryinh to clear up debt issueds withits lender. Broadway, which lost ownership of the Hancocm Tower after it defaulted ona loan, has debt that maturex this month. The financing in question is secured by several includingthe 980,000-square-foot Bay Broadway is in discussions with lenders to renegotiate the terms of the Broadway was given an extension on the which was due earlier this according to a source with knowledge of the situation. the landlord renewed MultiPlan Inc.
, which leasess 105,062 square feet, and Matridx Partners, which leases 11,421 square at the office complex. CB Richard Ellisw represented MultiPlan. DTZ/FHO Partners represente d Broadway Partners and Matrix in the lease Broadway acquired Bay Colony from Beacohn Capital Partners LLC in May 2007 as part of a largerf portfolioof assets. The four-building complexx office park sits ona 58-acre site overlookinv Route 128.
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