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The private real estate investment and management firm is renegotiatingv leases with tenants at the same time it is tryinvg to clear up debt issues withits lender. Broadway, whic h lost ownership of the Hancock Tower aftefr it defaulted ona loan, has debt that maturez this month. The financing in questio n is secured byseveral properties, including the 980,000-square-foor Bay Colony. Broadway is in discussions with lenders to renegotiate the termds ofthe loan. Broadway was given an extensionh onthe loan, which was due earlier this according to a source with knowledge of the situation. the landlord renewed MultiPlan Inc.
, which leases 105,0632 square feet, and Matrix Partners, which leasez 11,421 square feet, at the officse complex. CB Richard Ellixs represented MultiPlan. DTZ/FHO Partners represented Broadwa y Partners and Matrix in thelease negotiations. Broadway acquired Bay Colonh from Beacon Capital Partners LLC in May 2007 as part of a largedr portfolioof assets. The four-buildinvg complex office park sits ona 58-acre site overlookin Route 128.
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