Md7 Signs Lease to Relocate North American Headquarters to Torrey View Corporate Center
December 17, 2010
SAN DIEGO--(BUSINESS WIRE)--The Irvine Company today announced that Md7, a company that focuses on cell site leases for wireless operators throughout the world, has signed a lease to occupy nearly 24,000 square feet at 10590 West Ocean Air Drive in San Diego. The new location will serve as the fast-growing firm’s North American headquarters.
Md7 will occupy the entire third floor of the three-story Class-A office building, which is located in Torrey View Corporate Center in Del Mar Heights. Md7 will relocate from its current Valley Centre Drive location in mid-December. Terms of the lease were not disclosed.
“Md7 is admired internationally as a highly innovative and creative company, and we’re very proud that they chose to relocate to our West Ocean Air Drive property in Torrey View Corporate Center,” said John Turner, Regional Vice President, San Diego, Irvine Company Office Properties.
“We are pleased to be moving to Torrey View Corporate Center. We will have a purpose-built facility that will enhance the operations of our growing business,” said Md7 Chief Executive Officer Michael Gianni. “The new building allows us to take advantage of the current real estate market for years to come and will also create an environment where we can deliver value to our customers in the U.S. and Europe.”
Comprising 71,000 square feet of Class A office space, 10590 West Ocean Air Drive offers companies efficient and innovative floor plates, private balconies on select suites, and stunning views of the Pacific Ocean and Torrey Pines. The property also has excellent freeway visibility, and is just one block east of Vista Sorrento Parkway and a half-mile to the new Carmel Mountain Road on- and off-ramp, which provides immediate access to the I-5 and I-805 freeways. Nearby conveniences include San Diego’s acclaimed beaches, residential communities, retail centers, restaurants, hotels and Del Mar Race Track and Del Mar Fairgrounds.
Md7 is a specialized real estate portfolio management company that identifies and develops asset optimization and expense reduction initiatives for wireless telecommunications operators. Using proprietary techniques and modeling, Md7 provides a highly efficient property management system for the unique commercial real estate interests of wireless operators. The Md7 suite of services focuses on lease management of cell site portfolios. With U.S. and European international headquarters in San Diego, Calif. and Dublin, Ireland, respectively, Md7 has become a proven partner of top wireless corporations and a sophisticated source of funding thanks to a uniquely qualified and structured finance, real estate, legal, operations and technology team. Information about us is located at http://www.md7.com. Learn more about the company at http://www.md7.com/blog, or follow the Md7 Twitter feed at http://www.twitter.com/md7llc or YouTube channel at http://www.youtube.com/md7llc.
About the Irvine Company
Founded in 1864, the Irvine Company is an internationally renowned real estate development company known for its award-winning master-planned communities, its vast portfolio of high-quality investment properties, and its leadership in conservation and natural resource management. The growing real estate portfolio encompasses office, apartment, retail and resort holdings located throughout California’s premier markets, including assets in San Diego, Orange, and Los Angeles Counties, and holdings in Northern California. As a steward of some of America’s most beautiful and scientifically important open space and parklands, the company has donated to Orange County more than half of the historic 93,000-acre Irvine Ranch in Orange County — 50,000 acres — to permanently preserve these lands. The U.S. Department of Interior and the State of California have designated these parklands as “Natural Landmarks,” one of the most prestigious land preservation designations. The privately held, diversified company traces its roots to the 1860s with the formation of The Irvine Ranch® from Mexican and Spanish land grants.
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