Mitsubishi Takes Area's Second-Largest Lease

HUNTINGTON BEACH, CA—Mitsubishi Electric Automotive has inked the second-largest new lease transaction by square footage in West Orange County in the past four years. The firm has signed a 10-year lease with landlord Morgan Stanley in the 167,778-square-foot industrial building at 5800 Skylab Rd. here.

The tenant will occupy the space for its regional headquarters and US West Coast manufacturing and distribution. The high-image distribution facility sits on a 7.6-acre site and has 15,560 square feet of office space. Close to the 405, 22 and 605 freeways, the building features a 24-foot minimum warehouse clearance, 17 dock-high and eight ground-level truck doors, a large fenced-in yard, 4,000 amps, T-5 lighting and 242 parking spaces. Tom Mulholland, deputy general manager for Mitsubishi Electric Automotive America, says his firm is “confident that this new facility will provide us an opportunity to be more efficient and effective in the manufacturing of parts, as well as supply-chain and logistic savings.”