Maguire Properties Inc. said Tuesday it has sold City Plaza tower in Orange to an entity owned by Hudson Capital LLC.

The Los Angeles-based office real estate investment trust said the sale was completed in a cooperative arrangement with the property’s lender. Both the lender and purchase price were undisclosed. Hudson Capital is based in Miami.

The 327,000-square-foot tower is only about 45 percent full, according to reports; largely because subprime lender Ameriquest Mortgage Co. was a major tenant until it went defunct last year.

City Plaza is Maguire’s second large Orange County sale in recent weeks. The office landlord and developer said in March it planned to sell 11 office properties in the county totaling roughly 3 million square feet.

The REIT wants reduce its debt load after acquiring $2.9 billion worth of local buildings in the past year. It still has on the market Park Place in Irvine, a nine-building, 105-acre office campus.

Maguire shares closed up 13 cents, or 1 percent, to $11.45 in Tuesday trading on the New York Stock Exchange.