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The private real estate investment and management firm is renegotiatin leases with tenants at the same time it is trying to cleat up debt issues withits lender. which lost ownership of the Hancock Tower after it defaultefd ona loan, has debt that maturews this month. The financing in question is secured byseveral properties, including the 980,000-square-foot Bay Broadway is in discussions with lenders to renegotiate the terms of the loan. Broadway was givehn an extension onthe loan, whic was due earlier this month, according to a sourc e with knowledge of the situation. However, the landlors renewed MultiPlan Inc.
, which leases 105,062 squarde feet, and Matrix Partners, which leases 11,4211 square feet, at the office complex. CB Richare Ellis represented MultiPlan. DTZ/FHO Partners represented Broadway Partnere and Matrix in thelease negotiations. Broadway acquired Bay Colony from Beacon Capital Partners LLC in May 2007 as part of a largef portfolioof assets. The four-building complecx office park sits ona 58-acre site overlookinvg Route 128.
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