Ricoh Leases Tile Building

TUSTIN, CA-In the continuing transformation of what was once a one-million-sf Steelcase facility, office equipment firm Ricoh USA has leased 220,543 sf of a 500,000-sf Bedrosians Tile & Stone building from Bedrosians, according to Cushman & Wakefield.

Jeff Chiate of C&W says Ricoh signed a $3-million deal to occupy the 220,543 sf, which is part of 500,000 sf of the former Steelcase warehouse and showroom that Bedrosians bought from Voit Development Co. about two months ago.

Ricoh USA is the New Jersey-based office automation equipment and electronics unit of Ricoh Company Ltd. of Tokyo. It will use the space to expand its current West Coast assembly and distribution hub, located adjacent to the property. Overall, Ricoh occupies more than two million sf in Tustin. The 30-year-old building, which was recently upgraded by its former owner, is located at 1123 Warner Ave. and fronts the Newport Costa Mesa (55) Freeway. Bedrosians will use the remaining 280,000 sf for its new Orange County showroom, warehouse and corporate distribution center. The facility will house one of the largest stocks of ceramic, marble and granite tiles in the US.