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Mullen Automotive Inks Lease for Orange County Warehouse

| Commercial Real Estate News, Deals, Featured, Industrial, Leasing| Views: 0

Electric vehicle company Mullen Automotive will occupy the former site of Kraft Heinz Lunchables in Fullerton, Calif. The company signed a five-year, triple-net lease deal with Link Industrial for a 121,615-square-foot warehouse at 1500 E. Walnut Ave. Negotiations on behalf of the landlord were conducted by a CBRE team consisting of Ben Seybold and Sean Ward. The lease rate was $2.01 per square foot.

“Mullen Automotive … was drawn to the freestanding building because of its heavy power capacity and proximity to its own headquarters in nearby Brea,” said Seybold, an executive vice president at CBRE. “The new lease helps the company expand their local operations and Orange County footprint.”

The Brea, Calif.-based EV startup will use its new premises to expand its battery development and production capabilities.

“We are one step closer to fulfilling our commitment to providing the next generation of battery technology to our lineup of EV vehicles, providing a clean and safe alternative to current lithium-ion batteries,” Mullen CEO and Chairman, David Michery, said.

The property at 1500 E. Walnut Ave. hosted Kraft’s food manufacturing facility between 1989 and 2018. Before that, it had been part of the Orange County industrial market, hosting Claussen’s pickle factory in the mid-70s.

Soaring 32 feet high, the warehouse offers ample vertical space for accommodating tall equipment and maximizing storage potential. Moreover, for efficient loading and unloading, the space boasts 17 dock-high doors and two grade-level doors to ensure seamless logistics. Additionally, a generously sized, fenced yard provides secure outdoor storage and the flexibility to expand operations.

The building also includes 6,234 square feet of office space spread across two floors and is conveniently located near SR-57, SR-22, SR-55, SR-91 and I-5. It also lies within 30 miles of both the Port of Los Angeles and the Port of Long Beach.

Notably, Orange County has transformed itself into a thriving hub for electric vehicle manufacturers and suppliers, drawing in notable companies like Tesla, Karma Automotive, Harbinger Motors, Rivian Automotive and EV battery startup Romeo Power.

Link Industrial maintains a commanding position in the U.S. industrial real estate market with a vast network of more than 3,500 warehouse and industrial properties. Among these, Orange County holds a prominent position with Link Industrial managing 119 properties totaling 6 million square feet of industrial space in the region.

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