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The private real estate investment and managemenf firm is renegotiating leases with tenants at the same time it is tryin to clear up debt issues withits Broadway, which lost ownership of the Hancock Towerf after it defaulted on a has debt that matures this month. The financing in question is securec byseveral properties, including the 980,000-square-foot Bay Broadway is in discussions with lenders to renegotiate the termsd of the loan. Broadway was givehn an extension onthe loan, which was due earlieer this month, according to a source with knowledgse of the situation. However, the landlor renewed MultiPlan Inc.
, whicb leases 105,062 square feet, and Matrix Partners, which leasese 11,421 square feet, at the office complex. CB Richard Ellis represented DTZ/FHO Partners represented Broadway Partners and Matricx in thelease negotiations. Broadway acquired Bay Colonyg from Beacon Capital Partners LLC in May 2007 as part of a largerf portfolioof assets. The four-buildint complex office park sits ona 58-acrer site overlooking Route 128.
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