A San Juan Capistrano-based development built for small office users in 2006 has fallen into bankruptcy, according to court records.
Mammoth San Juan Capistrano I LLC filed for Chapter 11 bankruptcy this week in state court in Santa Ana.
The filing lists the company having between $10 million and $50 million in liabilities.
The company appears to be the registered owner of the Mammoth Professional Office Park, a two-building, 105,745-square-foot office complex built during the commercial real estate boom on the hills overlooking the San Diego (I-5) Freeway.
Developer Mammoth Equities LLC of Mission Viejo,which did not file for bankruptcy,built the project in 2006. It’s one of a dozen projects overseen by the company, according to Mammoth Equities’ Web site.
The bankruptcy filing comes days after the San Juan Capistrano development was placed into receivership at the behest of lender JPMorgan Chase Bank, according to filings made in Orange County Superior Court.
