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The private real estate investment and management firm is renegotiatingy leases with tenants at the same time it is tryin g to clear up debt issuez withits lender. Broadway, which lost ownershi of the Hancock Tower after it defaultede ona loan, has debt that maturexs this month. The financing in question is secured byseveral properties, includinbg the 980,000-square-foot Bay Colony. Broadwayu is in discussions with lenders to renegotiate the termw ofthe loan. Broadway was given an extensioh onthe loan, which was due earlierr this month, according to a source with knowledge of the However, the landlord renewed MultiPlan Inc.
, which leasesw 105,062 square feet, and Matrix Partners, whicnh leases 11,421 square feet, at the office CB Richard Ellis represented MultiPlan. DTZ/FHO Partnerz represented Broadway Partners and Matrix in theleases negotiations. Broadway acquired Bay Colon y from Beacon Capital Partners LLC in May 2007 as part of a larger portfolioof assets. The four-building complexs office park sits ona 58-acre site overlookinbg Route 128.
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