The deal is a departure for First Leader, which is primarily a residential real estate developer.
The building has 18-foot ceilings and tailgate loading. Term and rental rate of the Avery Dennison lease are undisclosed. Avery Dennison is a worldwide provider of pressure-sensitive, self-stick technology and self-adhesive labels for the consumer and office products markets. In 2001, the company's global sales exceeded $3.8 billion.
Brokers Gerald Blinebury and Stephen Cooper of Cushman & Wakefield of Pennsylvania brokered the transaction.
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