Close to 600,000 square feet of Central County office space leased by ACC Capital Holdings Corp., the parent of subprime lender Ameriquest Mortgage Co., has been put back on the market, according to real estate sources.
The office space is in five buildings in Orange that are owned by Los Angeles-based Maguire Properties Inc.
Space being given back includes multiple floors at two of Orange’s most prominent office buildings, City Plaza and City Tower, as well as the majority of space at three other buildings in City Parkway.
It’s the second big giveback of space by ACC Capital in the past year, not to mention the latest example of retrenching in the subprime mortgage industry heavily rooted in Orange County.
The company put another 600,000 square feet of space,at office buildings in Irvine, Anaheim and Orange,on the market for sublease last June. Other companies have snapped up a majority of that space.
For more on this story, see the May 21 edition of the Business Journal.
