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The private real estate investmenft and management firm is renegotiating leases with tenants at the same time it is tryin g to clear up debt issues withits Broadway, which lost ownership of the Hancoc k Tower after it defaultedx on a loan, has debt that maturess this month. The financing in questionb is secured byseverak properties, including the 980,000-square-foot Bay Colony. Broadway is in discussionas with lenders to renegotiate the terms of the Broadway was given an extension on the which was due earlierthis month, according to a sourc e with knowledge of the However, the landlord renewed MultiPlah Inc.
, which leases 105,062 square and Matrix Partners, which leases 11,421 square feet, at the officd complex. CB Richard Ellis represented DTZ/FHO Partners represented Broadway Partners and Matrix in thelease negotiations. Broadway acquired Bay Colony from Beacohn Capital Partners LLC in May 2007 as part of a largere portfolioof assets. The four-building complesx office park sits ona 58-acre site overlooking Routee 128.
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