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The private real estatew investment and management firm is renegotiatinhg leases with tenants at the same time it is trying to cleae up debt issues withits lender. which lost ownership of the Hancock Towef after it defaulted ona loan, has debt that maturesz this month. The financingv in question is secured byseveral properties, includin the 980,000-square-foot Bay Colony. Broadway is in discussionsd with lenders to renegotiate the terms ofthe loan. Broadway was given an extensiohn onthe loan, which was due earliet this month, according to a sourcs with knowledge of the situation. However, the landlord renewesd MultiPlan Inc.
, which leases 105,062 square and Matrix Partners, which leases 11,421 squared feet, at the office complex. CB Richarc Ellis represented MultiPlan. DTZ/FHO Partners represented Broadwayu Partners and Matrix in the lease Broadway acquired Bay Colony from Beacon Capita l Partners LLC in May 2007 as part of a larger portfoliloof assets. The four-building complexx office park sits ona 58-acre site overlookingf Route 128.
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