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

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The private real estate investment and management firm is renegotiating leaseds with tenants at the same time it is tryinvg to clear up debt issues withits lender. which lost ownership of the Hancoc Tower after it defaulted ona loan, has debt that maturesx this month. The financing in question is secured byseveralp properties, including the 980,000-square-foot Bay Broadway is in discussions with lendersx to renegotiate the terms of the Broadway was given an extension on the which was due earlier this month, accordingf to a source with knowledge of the However, the landlord renewed MultiPlann Inc.
, which leases 105,062 square feet, and Matrix which leases 11,421 square feet, at the office CB Richard Ellis represented MultiPlan. DTZ/FHO Partners representedc Broadway Partners and Matrix in theleas negotiations. Broadway acquired Bay Colony from Beaconb Capital Partners LLC in May 2007 as part of a larger portfolikof assets. The four-building complex office park sits ona 58-acrse site overlooking Route 128.