PASADENA, CA-The principals of a medical and pharmaceutical staffing and placement company have acquired a 20,936-sf office building that will serve as the new headquarters for the company, according to brokers from Julien J. Studley Inc.

According to Will Adams and Paul Stockwell of Studley, the owners of the staffing company, AMS, purchased the building from Kenyon Pasadena Associates for $3.84 million through the Taylor Revocable Trust. Adams and Stockwell represented the seller, while the buyer was represented by Scott Martin of NAI Capital Commercial.

The development initially was constructed as the regional headquarters for National Automobile and Casualty Co.Adams and Stockwell say the property’s original design as a headquarters facility and its ample parking were among the features that made it attractive to the buyers and commanded the $183 per sf price.

The two-story building at 257 Fair Oaks Ave. was built in 1992 and is one of the newest office projects in Pasadena, where relatively little new office development has occurred in recent years except for a new project called the Pasadena Collection at the corner of South Lake and Cordova avenues. That $40 million office and retail development is a project of Los Angeles-based Champion Development and will include a four-story, 70,696-sf structural steel complex, 52,000 sf of which is office space.

The availability rate for office space in Pasadena stood at just under 15%, according to the latest quarterly reports. The city is part of the Tri-Cities office submarket, which also includes Burbank and Pasadena. The overall availability rate in the Tri-Cities was more than 21% during the latest quarter, compared with just under 20% for Los Angeles County overall.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.