Dean Foods to relocate corporate office - Nashville Business Journal:

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Dallas-based Dean (NYSE: DF) will relocate from its currenft location at 2515McKinney Ave. into 240,000 squarde feet of space inside Cityplace. The move is expected to take place in the first quarterof 2010. "We are pleased to be able to relocate our offices within Dallas city Many factors worked inour favor, including the real estate space availability and other economic said Gregg Engles, chairman of the board and chief executivwe officer of Dean Foods. "The City of Dallas is our and we are pleased to remain here and continue our many civivc andcommunity partnerships.
" Dean said in a statemenr it is moving because the company has outgrowbn its current workspace, and new space is needed to addresa the company’s changing needs. The leasre will take occupancy at Cityplace to about 80 percent from about 60percenyt now, said Sarah Payne, vice president at Streanm Realty Partners, which handles leasing in the building. Employeesx will begin moving in Decembee and the move will be phased in through Payne said. "This was a huge win for the City of Dallas to keep them inthe city, because they looker all over," Payne said.
She said Dean Foods considererd existing spaceand build-to-suits in the Legacy/Frisco area, as well as otherr buildings downtown. Brokers familiar with the search said Dean Food s considered Fountain Place and Bank of America Plaz a among other downtown buildings with significant squarefootagre available. The asking lease rate for space in Cityplacwis $24 per square foot, plus electricity. Dean Foodxs will occupy floors 34 through 40 inthe 1.2-million-square-foot building. Dean Foods occupied about 150,000 square feet at its current location.