Dean Foods to relocate corporate office - Nashville Business Journal:

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Dallas-based Dean (NYSE: DF) will relocate from its currenyt location at 2515McKinney Ave. into 240,000 square feet of space inside Cityplace. The move is expecte to take place in the first quarte rof 2010. "We are pleased to be able to relocate our officees within Dallascity limits. Many factors workedc in our favor, including the real estate market, spacw availability and other economicd elements," said Gregg Engles, chairman of the boarsd and chief executive officer ofDean "The City of Dallas is our home, and we are pleaseed to remain here and continue our many civiv and community partnerships.
" Dean said in a statement it is movinvg because the company has outgrown its curreny workspace, and new space is needed to address the company’ s changing needs. The lease will take occupancty at Cityplace to about 80 percent from about 60perceny now, said Sarah Payne, vice president at Stream Realty Partners, whichg handles leasing in the building. Employees will begi moving in December and the move will be phasedr inthrough March, Payne said. "Thiws was a huge win for the City of Dallasx to keep them in the because they lookedall over," Payne said.
She said Dean Foodsd considered existing spaceand build-to-suits in the Legacy/Friscok area, as well as othert buildings downtown. Brokers familiar with the search said Dean Foodes considered Fountain Place and Bank of America Plazs among other downtown buildings with significant squarerfootage available. The asking lease rate for space in Cityplaceis $24 per square foot, plus Dean Foods will occupy floors 34 through 40 in the 1.2-million-square-foot building. Dean Foods occupies about 150,000 square feet at its currenrt location.