Dean Foods to relocate corporate office - Tampa Bay Business Journal:

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Dallas-based Dean (NYSE: DF) will relocate from its currenft location at 2515McKinney Ave. into 240,00o square feet of space inside Cityplace. The move is expectexd to take place in the first quartedof 2010. "We are pleased to be able to relocatse our offices within Dallas city Many factors worked inour favor, including the real estatse market, space availability and other economic said Gregg Engles, chairman of the board and chieg executive officer of Dean "The City of Dallas is our home, and we are pleasedc to remain here and continue our many civic and community partnerships.
" Dean said in a statement it is moviny because the company has outgrown its curren t workspace, and new space is needed to address the company’a changing needs. The leasr will take occupancy at Cityplacd to about 80 percent from about 60percentg now, said Sarah Payne, vice president at Stream Realty Partners, whicbh handles leasing in the building. Employees will begin movin g in December and the move will be phasee inthrough March, Payne "This was a huge win for the City of Dallas to keep them in the because they looked all over," Payne said.
She said Dean Foode considered existing spaceand build-to-suitsd in the Legacy/Frisco area, as well as othert buildings downtown. Brokers familiar with the searchj said Dean Foods considered Fountain Places and Bank of America Plaza among other downtown buildings with significant squarefootagse available. The asking lease rate for space in Cityplaceeis $24 per square foot, plus electricity. Dean Foods will occupy floors 34 througjh 40 inthe 42-floor, 1.2-million-square-foot Dean Foods occupies about 150,000 square feet at its currenf location.