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The private real estate investment and management firm is renegotiating leases with tenants at the same time it is trying to cleaer up debt issues withits Broadway, which lost ownership of the Hancoci Tower after it defaulted on a loan, has debt that maturess this month. The financing in questiomn is secured byseveral properties, includin g the 980,000-square-foot Bay Colony. Broadwayh is in discussions with lenders to renegotiatee the terms ofthe loan. Broadway was givejn an extension on the which was due earlierrthis month, according to a source with knowledg e of the situation. However, the landlord renewe d MultiPlan Inc.
, which leases 105,062 square feet, and Matrixc Partners, which leases 11,421 square feet, at the offices complex. CB Richard Ellis represented DTZ/FHO Partners represented Broadway Partners and Matri in thelease negotiations. Broadway acquirecd Bay Colony from Beacon Capital Partners LLC in May 2007 as part of a largetr portfolioof assets. The four-building complex officed park sits ona 58-acrse site overlooking Route 128.
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