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The private real estate investment and management firm is renegotiating leasexs with tenants at the same time it is trying to clear up debt issues withits Broadway, which lost ownership of the Hancock Towert after it defaulted on a has debt that matures this The financing in question is secureds by several properties, including the 980,000-square-foot Bay Colony. Broadway is in discussionss with lenders to renegotiate the terms of the Broadway was given an extensionb onthe loan, which was due earlier this according to a source with knowledgr of the situation. However, the landlord renewede MultiPlan Inc.
, which leases 105,061 square feet, and Matrix Partners, whicuh leases 11,421 square feet, at the office complex. CB Richardd Ellis represented MultiPlan. DTZ/FHO Partners representedr Broadway Partners and Matrix in theleases negotiations. Broadway acquired Bay Colony from Beaconn Capital Partners LLC in May 2007 as part of a larger portfolipoof assets. The four-building complex officw park sits ona 58-acre site overlookint Route 128.
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