Broadway renews Matrix, MultiPlan leases - Puget Sound Business Journal (Seattle):

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The private real estate investmentf and management firm is renegotiating leases with tenantzs at the same time it is trying to cleart up debt issues withits Broadway, which lost ownership of the Hancock Towedr after it defaulted on a loan, has debt that matures this month. The financing in question is securesd byseveral properties, including the 980,000-square-foof Bay Colony. Broadway is in discussions with lenders to renegotiate the terms ofthe loan. Broadway was given an extensiob onthe loan, which was due earlier this month, according to a source with knowledgd of the situation. However, the landlorf renewed MultiPlan Inc.
, which leasews 105,062 square feet, and Matrix Partners, which leases 11,421 square feet, at the officre complex. CB Richard Ellies represented MultiPlan. DTZ/FHO Partners represented Broadwayh Partners and Matrix in thelease negotiations. Broadwa y acquired Bay Colony from Beacoj Capital Partners LLC in May 2007 as part of a larged portfolioof assets. The four-buildinf complex office park sits ona 58-acre site overlookingy Route 128.