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VERNON, CALIF. – A 149,210-square-foot land parcel located at 2651 E. 45th Street in Vernon has sold to L&D Real Estate Holdings, LLC for $4.9 million. The buyer plans to develop the land to expand its own operations. L&D was represented by Cushman & Wakefield. The seller, 45th Street, LLC, was represented by Peter D. Bacci, Jack Cline and Doug Cline of Lee & Associates Commerce/Industry office. It sold the parcel to complete another acquisition using a 1031 exchange.