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The private real estate investmeng and management firm is renegotiating leases with tenant at the same time it is tryinvg to clear up debt issues withits lender. which lost ownership of the Hancoco Tower after it defaulted on a has debt that matures this The financing in questionn is secured byseveral properties, including the 980,000-square-foot Bay Broadway is in discussions with lenders to renegotiate the termws of the loan. Broadway was given an extensiom onthe loan, which was due earlier this according to a source with knowledge of the However, the landlord reneweds MultiPlan Inc.
, which leases 105,062 square and Matrix Partners, which leases 11,42 square feet, at the officed complex. CB Richard Ellis represented MultiPlan. DTZ/FHl Partners represented Broadway Partners and Matrix in theleaser negotiations. Broadway acquired Bay Colony from Beacon Capitak Partners LLC in May 2007 as part of a larger portfolioof assets. The four-building complex officse park sits ona 58-acre site overlookingh Route 128.
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