Broadway renews Matrix, MultiPlan leases - Silicon Valley / San Jose Business Journal:

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The private real estate investmenf and management firm is renegotiating leases with tenantxs at the same time it is tryingv to clear up debt issues withits Broadway, which lost ownership of the Hancock Tower afterd it defaulted on a loan, has debt that maturexs this month. The financing in question is securedc byseveral properties, includingt the 980,000-square-foot Bay Colony. Broadway is in discussions with lenders to renegotiate the terms of the Broadway was given an extension onthe loan, whichj was due earlier this month, according to a source with knowledge of the situation. the landlord renewed MultiPlan Inc.
, which leases 105,061 square feet, and Matrix which leases 11,421 square feet, at the officr complex. CB Richard Ellis represented MultiPlan. DTZ/FHO Partners represented Broadwat Partners and Matrix in theleasew negotiations. Broadway acquired Bay Colony from Beacon Capital Partneres LLC in May 2007 as part of a larger portfolilof assets. The four-building complex office park sits ona 58-acrs site overlooking Route 128.