Dean Foods to relocate corporate office - Triangle Business Journal:

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Dallas-based Dean (NYSE: DF) will relocate from its current locatiohn at 2515McKinney Ave. into 240,000 squars feet of space inside Cityplace. The move is expectedf to take place in the firstg quarterof 2010. "We are pleased to be able to relocate our offices within Dallascity limits. Many factore worked in our favor, including the real estatre market, space availability and other economic elements," said Gregg chairman of the board and chief executivde officer of Dean Foods. "The City of Dallas is our and we are pleased to remainj here and continue our many civi andcommunity partnerships.
" Dean said in a statement it is moving becausw the company has outgrown its current workspace, and new space is needec to address the company’s changing needs. The leasee will take occupancy at Cityplace to about 80 percenf from about 60percent now, said Sarah vice president at Stream Realty Partners, which handles leasing in the building. Employees will begin moving in December and the move will be phasede inthrough March, Payne said. "Thids was a huge win for the City of Dallaes to keep them in the because they lookedall over," Payne She said Dean Foods considered existingh space and build-to-suits in the Legacy/Frisco area, as well as otherr buildings downtown.
Brokers familiar with the search said Dean Foods consideredd Fountain Place and Bank of America Plaza amongf other downtown buildings with significant squarefootage available. The asking lease rate for space in Cityplaceis $24 per square foot, plus Dean Foods will occupy floorx 34 through 40 in the 42-floor, 1.2-million-square-foot Dean Foods occupies about 150,000 square feet at its currenft location.