Avison Young negotiates new 10,512-sf office lease on behalf of MediaTek USA in Irvine, CA

Avison Young negotiates new 10,512-sf office lease on behalf of MediaTek USA in Irvine, CA 22 May 2020

Irvine, CAAvison Young announced today it has negotiated a five-year, 10,512 square-foot office lease on behalf of the tenant, MediaTek USA. The space is located at 1 Ada Street Building 4 in Irvine, CA.

Avison Young Principal Keith Kropfl along with Michael Ganz and Jack Livingston, represented MediaTek USA, the world’s fourth largest global fabless semiconductor company that powers more than 1.5 billion devices a year including smart TVs, phones and tablets. The landlord, The Irvine Company, was self-represented.

“With an exhaustive search in the immediate area and multiple negotiations on several properties, we identified 1 Ada as an ideal fit location-wise for its employees. It also provided a desirable layout, above-standard finishes and creative office features,” said Kropfl.

Kropfl added, “Despite COVID-19, MediaTek continues to thrive and has been experiencing year-over-year growth, hence the need for a larger space. The company will be relocating approximately 40 employees from 7,000 sf at 96 Corporate Park in Irvine to accommodate new engineer hires.”

Built in 1998, the two-story, 43,920-sf multi-tenant office property is located within Lakeview Business Center and is in the Irvine Spectrum submarket.  The property is near the 405 and 5 freeways, Irvine Spectrum, and the Irvine Transportation Center which provides daily Amtrak and Metrolink service.

Avison Young is the world’s fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its Principals. Founded in 1978, with legacies dating back more than 200 years, the company comprises thousands of real estate professionals in more than 100 offices around the world. The firm’s experts provide value-added, client-centric investment sales, leasing, advisory, management and financing services to clients across the office, retail, industrial, multi-family and hospitality sectors.

Avison Young is a 2020 winner of the Canada's Best Managed Companies Platinum Club designation, having retained its Best Managed designation for nine consecutive years.

www.avisonyoung.com

 

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For more information:

• Darcie Giacchetto, Places Public Relations: 949.278.6224