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GLENDALE, CA-Yellowpages.com has signed a long-term lease for 73,611 sf at 611 N. Brand Blvd., where the company will relocate its headquarters in an expansion from 20,000 sf in Old Town Pasadena, according to CB Richard Ellis. Nico Vilgiate and Todd Doney of CBRE report that the tenant will occupy three full floors of the 14-story, class A building that were vacated last year by Warner Bros. when the movie studio consolidated operations in Burbank.

According to the CBRE brokers, who represented Yellowpages.com, the $12.5 million deal is the largest relocation lease commitment in Glendale in the past seven years. The 611 N. Brand building totals approximately 383,00 sf and is owned by Los Angeles-based Maguire Properties, which was represented in-house by Josh Wrobel.

Yellowpages.com is an expanding online directory service that is now a division of AT&T Services. The company based its decision to move from Pasadena on operational expenses and the lack of any contiguous blocks of space that met its requirements, Vilgiate says.

Besides being the largest new lease commitment in Glendale for a company relocating to the city from an outside market in more than seven years, Vilgiate points out that it is the largest lease commitment executed this year in the entire Tri-Cities market of Glendale, Pasadena and Burbank. He adds that Glendale, where the office market totals approximately 6.4 million sf, “has been a much less dynamic marketplace in the past several years” than Burbank and Pasadena, both of which have enjoyed single-digit vacancy.

The Yellowpages.com lease commitment alone should drop Glendale’s direct vacancy by more than one full percentage point in the next quarter, Vilgiate predicts. The 611 N. Brand building, also known as Glendale Center, was built in 1973 and renovated in 1996.

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