MDC SECURES 113,500-SQUARE-FOOT LEASE FOR INDUSTRIAL BUILDING

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VERNON, CALIF. — Newport Beach, Calif.-based Master Development Corp. (MDC) has secured a tenant for it 113,500-square-foot single-user industrial facility, which is located at 4380 Ayers Ave. in Vernon. Clear Lam Packaging Inc. (Clear Lam) signed a 5-year lease for the property. Clean Lam’s thermoforming division is a provider of innovative, environmentally friendly thermoformed plastic packaging products for segments within the produce, bakery, deli and confectionary markets. The company plans to use the facility for its West Coast manufacturing and distribution purposes. Jeffrey Sanita, John McMillian and Tim Wallace of Cushman & Wakefield represented the lessor; Warren Noack, Kimberly Noack, Larry Much and Craig Summers of NAI Capital represented the lessee in the transaction.

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