ejyceh.wordpress.com
The private real estate investment and managementr firm is renegotiating leases with tenants at the same time it is tryinhg to clear up debt issues withits lender. Broadway, whichb lost ownership of the Hancock Towef after it defaulted on a has debt that maturesthis month. The financing in question is secured byseveral properties, including the 980,000-square-foo Bay Colony. Broadway is in discussions with lenders to renegotiate the termsx ofthe loan. Broadway was given an extension on the which was due earlierthis month, accordinfg to a source with knowledge of the situation. However, the landlorf renewed MultiPlan Inc.
, which leases 105,062 squarw feet, and Matrix Partners, which lease 11,421 square feet, at the office complex. CB Richardc Ellis represented MultiPlan. DTZ/FHO Partners representer Broadway Partners and Matrix in theleasde negotiations. Broadway acquired Bay Colony from Beacon Capital Partners LLC in May 2007 as part of a largee portfolioof assets. The four-building complex office park sits ona 58-acrr site overlooking Route 128.
No comments:
Post a Comment