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The private real estate investment and managemen firm is renegotiating leases with tenants at the same time it is tryingh to clear up debt issuesz withits lender. Broadway, which lost ownership of the Hancock Tower aftefr it defaulted ona loan, has debt that matures this The financing in question is secured by severalp properties, including the 980,000-square-footf Bay Colony. Broadway is in discussions with lendersx to renegotiate the terms ofthe loan. Broadway was givenb an extension onthe loan, which was due earlied this month, according to a source with knowledgre of the situation. However, the landlored renewed MultiPlan Inc.
, which leases 105,062 squared feet, and Matrix Partners, which leases 11,421 square feet, at the officw complex. CB Richard Ellis represented MultiPlan. DTZ/FHOp Partners represented Broadway Partners and Matri in thelease negotiations. Broadway acquired Bay Colony from Beacon Capital Partners LLC in May 2007 as part of a largefr portfolioof assets. The four-buildinh complex office park sits ona 58-acre site overlookingg Route 128.
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