Acra Lending Leases 24,360 SQFT Office Space in Irvine Spectrum

Avison Young, Acra Lending, Citadel Servicing Inc., Lakeview Business Center, Irvine Spectrum, Madison Marquette, Irvine Company
Courtesy of Irvine Company

Irvine, Calif. – Avison Young announced today it successfully represented Citadel Servicing Inc. dba Acra Lending in a full-floor, 24,360-square-foot (sf) office lease at 3 Ada, a two-story 48,720-sf office building at Lakeview Business Center within Irvine Spectrum.

Acra Lending was formed with a focus on providing the industry’s leading tailor-made non-QM mortgage products.

Avison Young’s Oliver Fleener, a Senior Vice President out of the Irvine office represented the tenant. Fleener, a 25-year commercial real estate veteran, recently joined Avison Young after the firm acquired a portion of Madison Marquette just last month. Jeff Shaw represented the owner, Irvine Company.

Acra Lending will be consolidating four of its local offices into a single location on the second floor of 3 Ada by Spring 2023. Acra Lending’s multi-year lease brings 3 Ada back to 100% occupancy.

“My client considered many options in the area, including renewing, but Irvine Company offered the most efficient layout, with a custom build-out, at the best price,” Fleener said. “It checked all the boxes for us.”

Fleener has worked with the tenant for over a decade including identifying out-of-state locations as well.

Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. As a private company, our clients collaborate with an empowered partner who is invested in their success. Our integrated talent realizes the full potential of real estate by using global intelligence platforms that provide clients with insights and advantage. Together, we can create healthy, productive workplaces for employees, cities that are centers for prosperity for their citizens, and built spaces and places that create a net benefit to the economy, the environment and the community.

Avison Young is a 2022 winner of the Canada’s Best Managed Companies Platinum Club designation, having retained its Best Managed designation for 12 consecutive years.