Dean Foods to relocate corporate office - Dallas Business Journal:

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Dallas-based Dean (NYSE: DF) will relocate from its currentf location at 2515McKinney Ave. into 240,000 squarer feet of space inside The move is expected to take place in the first quarterof 2010. "Wee are pleased to be able to relocate our officea within Dallas city Many factors worked inour favor, includinvg the real estate market, space availability and other economic elements," said Greg g Engles, chairman of the board and chief executiv officer of Dean Foods. "The City of Dallaa is our home, and we are pleaserd to remain here and continue our many civixc andcommunity partnerships.
" Dean said in a statement it is movinhg because the company has outgrow n its current workspace, and new space is needes to address the company’s changing needs. The lease will take occupancy at Cityplacse to about 80 percent from about 60percent now, said Sarah Payne, vice president at Stream Realty Partners, which handles leasing in the building. Employees will begin moving in December and the move will be phased in through Payne said. "This was a huge win for the City of Dallads to keep them inthe city, because they looked all Payne said. She said Dean Foods considered existingb spaceand build-to-suits in the Legacy/Frisco as well as other buildings downtown.
Brokers familiard with the search said Dean Foods considered Fountainb Place and Bank of America Plaza among other downtowjn buildings with significant squarefootage available. The asking lease rate for spaced in Cityplaceis $24 per square foot, plus Dean Foods will occupt floors 34 through 40 in the 1.2-million-square-foot building. Dean Foods occupiess about 150,000 square feet at its current location.