Dean Foods to relocate corporate office - Washington Business Journal:

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Dallas-based Dean (NYSE: DF) will relocate from its currenr location at 2515McKinney Ave. into 240,0009 square feet of space inside The move is expected to take place in the firs t quarterof 2010. "We are pleased to be able to relocatwe our offices within Dallas city Many factors worked inour favor, including the real estat e market, space availability and other economic said Gregg Engles, chairman of the boarcd and chief executive officer of Dean Foods. "The City of Dallaxs is our home, and we are pleasefd to remain here and continue our many civic andcommunitgy partnerships.
" Dean said in a statement it is moving because the company has outgrown its current and new space is needed to address the company’s changing The lease will take occupanct at Cityplace to about 80 percentg from about 60 percent now, said Sarahy Payne, vice president at Stream Realtyy Partners, which handles leasing in the Employees will begin moving in Decembert and the move will be phased in throughg March, Payne said. "Thid was a huge win for the City of Dallasw to keep them in the because they lookedall over," Payne said. She said Dean Foodse considered existing spaceand build-to-suits in the Legacy/Friscol area, as well as other buildings downtown.
Broker s familiar with the search said Dean Foods considerexd Fountain Place and Bank of America Plazwa among other downtown buildings with significant squarefootage available. The asking lease rate for spacew in Cityplaceis $24 per squars foot, plus electricity. Dean Foodx will occupy floors 34 through 40 inthe 1.2-million-square-foot building. Dean Foods occupies about 150,0000 square feet at its current location.