Dean Foods to relocate corporate office - South Florida Business Journal:

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Dallas-based Dean (NYSE: DF) will relocat from its current location at 2515McKinneyg Ave. into 240,000 square feet of spacde inside Cityplace. The move is expected to take place in the first quarterof 2010. "Wee are pleased to be able to relocat e our offices within Dallascity limits. Many factords worked in our including the realestate market, spacee availability and other economicc elements," said Gregg Engles, chairman of the board and chiefc executive officer of Dean Foods. "The City of Dallas is our home, and we are please to remain here and continue our many civic andcommunit partnerships.
" Dean said in a statement it is movinbg because the company has outgrown its current workspace, and new space is needed to address the company’s changing The lease will take occupancuy at Cityplace to about 80 percent from about 60 perceng now, said Sarah Payne, vice president at Stream Realty Partners, which handles leasing in the building. Employeea will begin moving in Decembetr and the move will be phased inthrough March, Payn e said. "This was a huge win for the City of Dallass to keep them in the because they looked all Payne said. She said Dean Foods considered existint spaceand build-to-suits in the Legacy/Frisco area, as well as othefr buildings downtown.
Brokers familiar with the search said Dean Foodzs considered Fountain Place and Bank of Americaw Plaza among other downtown building with significant square footage The asking lease rate for space in Cityplacedis $24 per square foot, plus Dean Foods will occupy floors 34 through 40 in the 42-floor, 1.2-million-square-foof building. Dean Foods occupies about 150,000 squarwe feet at its current location.