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The private real estate investment and management firm is renegotiatinvg leases with tenants at the same time it is tryingt to clear up debt issuexs withits lender. Broadway, which lost ownership of the Hancoc k Tower after it defaulted ona loan, has debt that maturex this month. The financing in question is secured byseverall properties, including the 980,000-square-foot Bay Colony. Broadwag is in discussions with lenderss to renegotiate the terms ofthe loan. Broadwat was given an extension onthe loan, which was due earlierr this month, according to a source with knowledg of the situation. However, the landlore renewed MultiPlan Inc.
, which leases 105,062 square and Matrix Partners, whicg leases 11,421 square feet, at the officew complex. CB Richard Ellis represented MultiPlan. DTZ/FHO Partnerd represented Broadway Partners and Matrix in theleas negotiations. Broadway acquired Bay Colony from Beacon Capital Partners LLC in May 2007 as part of a larged portfolioof assets. The four-building complex officew park sits ona 58-acre site overlookin g Route 128.
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