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We propose and investigate distributed coordination mechanisms for controlling the co-channel interference generated by standalone femtocells in two-tier coexistence scenarios consisting of macrocells underlaid with short-range small cells. The rationale behind employing such mechanism is to opportunistically reuse resources without compromising ongoing transmissions on overlaid macrocells, while still guaranteeing Quality of Service in both tiers. Stochastic geometry is used to model network deployments, while higher-order statistics through the cumulants concept is utilized to characterize the probability distribution of the aggregate interference at the tagged receiver. To conduct our studies, we consider a shadowed fading channel model incorporating log-normal shadowing and Nakagami fading. In addition, various network algorithms, such as power control and frequency (re)allocation, are included in the analytical framework. To evaluate the performance of the proposed solutions, we also derive closed-form expressions for the outage probability and average spectral efficiency with respect to the tagged receiver. Results show that the analytical framework matches well with numerical results obtained from Monte Carlo simulations, and that the coordination mechanisms substantially improve the performance of overlaid macrocell networks, while also benefiting femtocells.