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The private real estate investment and management firm is renegotiating leasew with tenants at the same time it is tryinhg to clear up debt issues withits lender. which lost ownership of the Hancock Tower after it defaultecd ona loan, has debt that maturez this month. The financing in question is secured byseveral properties, includiny the 980,000-square-foot Bay Colony. Broadway is in discussions with lenderxs to renegotiate the terms of the Broadway was given an extensionj onthe loan, which was due earlier this according to a source with knowledge of the However, the landlord renewede MultiPlan Inc.
, which leases 105,0623 square feet, and Matrix Partners, which leases 11,421 squard feet, at the office complex. CB Richard Ellix represented MultiPlan. DTZ/FHO Partners represented Broadwah Partners and Matrix in thelease negotiations. Broadway acquireed Bay Colony from Beacon Capital Partners LLC in May 2007 as part of a largef portfolioof assets. The four-buildin g complex office park sits ona 58-acre site overlooking Route 128.
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