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NEWPORT BEACH, CA-Master Development Corp. has signed packaging firm Clear Lam to a 113,500-square-foot lease in a five-year deal at the Newport Beach-based company’s 4380 Ayers Ave. property in Vernon. Clear Lam, which manufactures and distributes plastic packaging for the produce, bakery, deli and confectionery markets, will operate the building as its West Coast manufacturing and distribution center.

Master Development acquired the single-tenant industrial building in February last year and has since renovated it inside and out. According to Bryan Bentrott, executive vice president of Master Development, Clear Lam chose the building for its direct rail access, as well as its close proximity to freeways leading to Downtown and Central Los Angeles and the Ports of Long Beach and Los Angeles. Bentrott notes that the building offered the added attraction of operating on its own power contracts, meaning that “Clear Lam will benefit from a more efficient cost of power for its manufacturing.”

Master Development was represented in the lease by Jeffrey Sanita, John McMillian and Tim Wallace of Cushman & Wakefield. Clear Lam was represented by Warren Noack, Kimberly Noack and Craig Summers of NAI Capital, along with Larry Much of NAI Hiffman. The lease was valued at approximately $2.8 million.

Clear Lam, which was founded in 1969, leased the new space as part of an ongoing expansion in which it has invested significantly to increase its manufacturing capabilities and product development services. The company employs more than 750 workers in six plants located in the US and China.

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