Wells REIT extends lease for Panasonic Avionics

Tenant to remain in Orange County

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Wells Real Estate Investment Trust Inc. has signed Panasonic Avionics Corp. - previously Matsushita Avionics - to a five-year lease extension at its facility in Lake Forest, Calif. The value of the transaction was not disclosed. Panasonic Avionics occupies 100 percent of the 145,000-square-foot office building, located at 26200 Enterprise Way, which was constructed as a build-to-suit for Matsushita by Wells in 2000. Panasonic Avionics, a supplier of in-flight entertainment and communication systems, is a subsidiary of Matsushita Electric Corp. of America. Wells Real Estate Funds is a national real estate investment management company that purchases real estate on behalf of Wells-sponsored investment programs. *** What's your opinion? Send your Letter to the Editor to opinion@inman.com....