Dean Foods to relocate corporate office - Dallas Business Journal:

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Dallas-based Dean (NYSE: DF) will relocate from its currenft location at 2515McKinney Ave. into 240,000 square feet of spaced inside Cityplace. The move is expectexd to take place in the first quartefrof 2010. "We are pleased to be able to relocate our office s within Dallascity limits. Many factors worke in our favor, including the real estate market, space availabilityh and othereconomic elements," said Gregv Engles, chairman of the board and chiefd executive officer of Dean Foods. "Thw City of Dallas is our and we are pleased to remain here and continued our many civic andcommunituy partnerships.
" Dean said in a statement it is moving becausee the company has outgrown its curren workspace, and new space is needed to addres the company’s changing needs. The lease will take occupancy at Cityplace to about 80 percent from about 60percent now, said Sarab Payne, vice president at Stream Realty Partners, which handlea leasing in the building. Employees will begin moving in December and the move will be phasefd inthrough March, Payne said. "Thisx was a huge win for the City of Dallaas to keep them inthe city, because they lookeed all over," Payne said.
She said Dean Foods consideredx existing spaceand build-to-suits in the Legacy/Frisco area, as well as other buildings downtown. Brokers familiar with the searcb said Dean Foods considered Fountain Placew and Bank of America Plazwa among other downtown buildings with significant squarwfootage available. The asking lease rate for spacse in Cityplaceis $24 per square foot, plus electricity. Dean Foodxs will occupy floors 34 througn 40 inthe 42-floor, 1.2-million-square-foot building.
Dean Foodws occupies about 150,000 square feet at its current