Dean Foods to relocate corporate office - Dallas Business Journal:

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Dallas-based Dean (NYSE: DF) will relocate from its current locatiojn at 2515McKinney Ave. into 240,000 square feet of space inside The move is expected to take place in the first quarterof 2010. "We are pleasexd to be able to relocate our offices withinb Dallascity limits. Many factorss worked in our favor, includint the real estate market, space availabilit y and othereconomic elements," said Greggh Engles, chairman of the board and chiefr executive officer of Dean Foods. "The City of Dallasd is our home, and we are pleasex to remain here and continuer our many civic andcommunity partnerships.
" Dean said in a statemengt it is moving becaused the company has outgrown its current workspace, and new space is needes to address the company’s changing needs. The leasr will take occupancy at Cityplace to about 80 percen t from about 60percent now, said Sarah Payne, vice president at Stream Realtyh Partners, which handles leasing in the Employees will begin moviny in December and the move will be phase d in through March, Payne said. "This was a huge win for the City of Dallad to keep them inthe city, becausew they looked all over," Payn said.
She said Dean Foods considered existing spacwand build-to-suits in the Legacy/Frisco area, as well as otherd buildings downtown. Brokers familiar with the search said Dean Foods considered Fountain Place and Bank of Americs Plaza among other downtown buildings with significanr squarefootage available. The asking leasew rate for space in Cityplaceis $24 per squarw foot, plus electricity. Dean Foodss will occupy floors 34 through 40 inthe 42-floor, 1.2-million-square-footf building. Dean Foods occupiess about 150,000 square feet at its current location.