MediaTek Leases 111,000 Square Feet Office Space From Irvine Company In Santa Clara

The asset involved in this transaction is an office space located at 5453 Great America Parkway, Santa Clara, CA, featuring a total square footage of 111,000. The office is part of Irvine Company's Santa Clara Gateway office complex.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not provided
• Square Footage: 111,000 SF
• Address: 5453 Great America Parkway
• Market: Santa Clara, CA
• Landlord: Donald Bren - Irvine Company
• Tenant: Rick Tsai - MediaTek

This lease transaction was significant as MediaTek has relocated from its current office in San Jose, indicating an expansion of its presence in Silicon Valley. The deal also ranks among the largest office leases in the Santa Clara market during the second quarter, reflecting the ongoing demand from technology and AI-related companies.