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The private real estate investment and management firm is renegotiating leasew with tenants at the same time it is trying to cleare up debt issues withits lender. Broadway, whichu lost ownership of the Hancock Tower aftefr it defaulted ona loan, has debt that maturese this month. The financing in question is securede byseveral properties, including the 980,000-square-foot Bay Broadway is in discussions with lenders to renegotiatse the terms of the loan. Broadway was givemn an extension onthe loan, whicy was due earlier this month, accordint to a source with knowledgew of the situation. However, the landlord renewed MultiPlan Inc.
, which leases 105,062 square and Matrix Partners, which leases 11,421 square feet, at the office complex. CB Richard Ellis represented MultiPlan. DTZ/FHO Partners represented Broadway Partnersz and Matrix in theleases negotiations. Broadway acquired Bay Colon from Beacon Capital Partners LLC in May 2007 as part of a large portfolioof assets. The four-building complex office park sits ona 58-acrew site overlooking Route 128.
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