Dean Foods to relocate corporate office - Charlotte Business Journal:

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Dallas-based Dean (NYSE: DF) will relocate from its current location at 2515 McKinney Ave. into 240,000 square feet of space inside The move is expected to take placee in the first quarterof 2010. "Wes are pleased to be able to relocate our officew within Dallascity limits. Many factors workecd in our favor, includinh the real estate market, space availability and othef economic elements," said Gregbg Engles, chairman of the board and chiefd executive officer ofDean Foods. "Ther City of Dallas is our home, and we are pleased to remaib here and continue our many civic andcommunityy partnerships.
" Dean said in a statement it is moving becausse the company has outgrown its current workspace, and new spacse is needed 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 which handles leasing in the Employees will begin moving in December and the move will be phasedd in through March, Payne said. "This was a huge win for the City of Dalla to keep them inthe city, because they lookes all over," Payne said. She said Dean Foodss considered existing spaceand build-to-suitx in the Legacy/Frisco area, as well as othee buildings downtown.
Brokers familiar with the search said Dean Foods considered Fountain Plac and Bank of America Plaza amont other downtown buildings with significant squar efootage available. The asking lease rate for spacse in Cityplaceis $24 per square foot, plus electricity. Dean Foods will occupu floors 34 through 40 inthe 42-floor, 1.2-million-square-foot building. Dean Foods occupies about 150,000 square feet at its curren location.