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NEWPORT BEACH-Master Development Corp. of Newport Beach has joined forces with Stamford, CT-based GE Capital Real Estate to create a new company focused on the acquisition and development of Southland industrial sites.

The recently formed venture, MDC/BAM Holdings LLC, is concentrating specifically on sites located within the counties of Los Angeles, Orange, San Diego, Riverside and San Bernardino. According to company officials, the LLC is looking to acquire industrial development sites that encompass five acres or more, as well as value-added product worth more than $5 million, in the previously mentioned geographical areas.

MDC/BAM Holdings has two projects already in the works, as it is currently developing two Southland industrial parks. The larger of the two developments is Britannia Corporate Center, a six-building industrial park in Otay Mesa that encompasses 274,000 sf. West Corona Business Park is the LLC’s other project. This nine-building industrial complex located in West Corona encompasses 233,000 sf. The two projects have a combined worth of $28 million.

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