Mossimo Giannulli, Lori Loughlin buy Beverly Hills estate

Fashion designer

Mossimo Giannulli

and his wife, actress

Lori Loughlin,

have purchased a compound in Beverly Hills for $7.5 million, the Multiple Listing Service shows.

The gated Mediterranean on more than half an acre has a circular driveway and indoor and outdoor swimming pools. More than 10,000 square feet of living space include formal and informal dining rooms, a disco bar, seven bedrooms and 11 bathrooms. Separate structures have been used as a gym and offices. A swimming pool and spa come with a cabana containing changing rooms and bathrooms.

Giannulli, 47, founded the clothing company Mossimo in the '80s. Now owned by the

Iconix Brand Group

, the apparel line is distributed by Target.

Loughlin, 46, is a regular on "90210" (2008-present). She starred on "Full House" (1988-95).

Lauren Polan of Coldwell Banker, Pacific Palisades, had the listing, and Ron de Salvo of Coldwell Banker, Beverly Hills' North office, represented Giannulli and Loughlin, according to the MLS.