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Data Storage Firm Signs Four-year, $2M Sublease

CALABASAS, CA-Medea Corp. is relocating its headquarters from Westlake Village to the 69,000-sf Malibu Canyon Corporate Center and Business Park. The company is subleasing all but 7,000 sf of the 34,000-sf first floor.

By Peter Landau | Updated on May 24, 2002

CALABASAS, CA-Data storage company Medea Corp. has relocated its corporate headquarters from Westlake Village to Calabasas after signing a four-year sublease with Clarent Corp. to occupy 27,000 sf at the Malibu Canyon Corporate Center and Business Park here. The transaction is valued at approximately $2 million.

Medea Corp. will occupy all but 7,000 sf of the entire first floor in the 69,000-sf Class A suburban office building located at 26707 West Agoura Rd. Under the terms of the sublease, Medea received monument signage. The new headquarters houses the firm’s sales, marketing, accounting, technical support and manufacturing operations. The firm was previously located in 18,000 sf at 5701 Lindero Canyon Rd.

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