Avery Dennison Relocates Plant

Pasadena-based Avery Dennison, which manufactures a host of labels and other office products, posted $5.3 billion of sales and net income of nearly $280 million in 2004. It operates about 30 plants around the world, each of them 100,000 sf or larger.Avery's former plant was at 9292 9th St. The company sold it for $5.5 million in a transaction brokered by the Cushman & Wakefield team of Scott Evans, Terry Evans, Patrick Nally and Tristan Tams. The label manufacturer retained the Cushman & Wakefield team in October to seek alternative sites for its manufacturing facility and to sell the existing older property. The Pasadena company sold its former 140,000-sf building, which had housed a processing plant for the past 50 years, to Secard Pools, a 50-year-old local family owned and operated company, which was represented by Robert Thornburgh of Heger Realty.Avery Dennison's new facility is an entire 125,952-sf building at 11195 Eucalyptus in the Arrow Business Park, which is owned by the ProLogis REIT of Aurora, CO. The Cushman & Wakefield team also represented Avery Dennison in the seven-year, $3.7-million lease of the new facility. ProLogis was represented in-house by Adam Gates and Pat Mahoney.The sale and the lease for Avery Dennison were the latest of many on behalf of the manufacturing firm for Scott Evans, Terry Evans and Patrick Nally, who represent the Pasadena company in its real estate transactions around the world. Avery Dennison manufactures tickets, tags, labels, tapes, reflective sheeting, binders, organizing systems, markers, fasteners, business forms, reflective highway safety products, markers, adhesives and specialty products under brand names, such as Avery, Marks-A-Lot and HI-Liter.