Sunday, December 16, 2012

Broadway renews Matrix, MultiPlan leases - Denver Business Journal:

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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 clear up debt issues withits lender. which lost ownership of the Hancoc k Tower after it defaulted ona loan, has debt that maturesx this month. The financing in questionn is secured by several includingthe 980,000-square-foot Bay Broadway is in discussions with lenders to renegotiate the terms of the Broadway was given an extension on the loan, which was due earlier this month, according to a sourcse with knowledge of the situation. However, the landlordr renewed MultiPlan Inc.
, which leases 105,062 square feet, and Matrixz Partners, which leases 11,421 squars feet, at the office complex. CB Richar d Ellis represented MultiPlan. DTZ/FHO Partners representedx Broadway Partners and Matrix in theleaswe negotiations. Broadway acquired Bay Colony from Beaco Capital Partners LLC in May 2007 as part of a largeer portfolioof assets. The four-building complex officr park sits ona 58-acre site overlooking Route 128.

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