51 Columbia—Aliso Viejo, CA

51 Columbia is a 33,436 square foot R&D/Office building.  MCA’s principals terminated the lease with the former owner of the property, and negotiated a new seven year lease for the entire building with a public software company, Smith Micro Software.  The tenant spent in excess of $1 Million of their own capital on tenant improvements adding substantial value to the building.  The intimate knowledge of this Tenant and their history in the property allowed MCA’s principals to negotiate favorable lease terms for the partnership.