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The private real estate investment and managemenft firm is renegotiating leases with tenanta at the same time it is tryint to clear up debt issues withits lender. Broadway, which lost ownership of the Hancockj Tower after it defaulted ona loan, has debt that maturesd this month. The financing in question is secured by several includingthe 980,000-square-foot Bay Colony. Broadway is in discussionse with lenders to renegotiate the terms of the Broadway was given an extension onthe loan, whichg was due earlier this according to a source with knowledge of the situation. However, the landlordx renewed MultiPlan Inc.
, which leases 105,062 square and Matrix Partners, whicn leases 11,421 square feet, at the officw complex. CB Richard Ellis represented DTZ/FHO Partners represented Broadway Partners and Matrix in thelease negotiations. Broadway acquired Bay Colony from Beacon Capitalp Partners LLC in May 2007 as part of a larger portfoliopof assets. The four-buildingv complex office park sits ona 58-acre site overlookinhg Route 128.
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