Avery Dennison Signs Glendale Lease, Set to Exit Pasadena

Avery Dennison Corp., a Fortune 500 company with sales of $6 billion in 2011, is set to leave the Pasadena headquarters it has occupied since 1982 and move to Glendale early next year, a spokesman confirms.

David Frail said Wednesday that the labeling and packaging materials giant has sold the building at 150 N. Orange Grove. Blvd. and signed a seven-year lease for 54,000 square-feet at a Class A office building at 207 Goode Ave., Glendale.

The building has been sold to Legacy Partners, a real estate investment management company headquartered in Foster City, Calif.

Frail said that Avery Dennison has a different corporate organization and works differently than it did when the Pasadena building first opened 21 years ago.

“We were looking for space that actually foster much more interactivity and collaboration among departments, among various levels of employees as well,” Frail explained.

The company will occupy two floors of space with open offices in Glendale.

“We have approximately 150 employees here in Pasadena. We also have another one approximately a hundred corporate employees who work in Brea, and we’re going to be bringing everyone together into the space in Glendale,” Frail said.

The company was founded by R. Stanton Avery, known today as the inventor of the self-adhesive label. Avery died in Pasadena at the age of 90 in1997.

The Avery Dennison logo will marquee the south side of the Glendale building, which can be seen by drivers on the 134 Freeway.