Dean Foods to relocate corporate office - Silicon Valley / San Jose Business Journal:

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Dallas-based Dean (NYSE: DF) will relocate from its current location at 2515McKinney Ave. into 240,00o square feet of space inside Cityplace. The move is expected to take plac e in the first quartereof 2010. "We are pleased to be able to relocated our offices within Dallas city Many factors worked in our including the real estate space availability and other economic saidGregg Engles, chairman of the board and chief executive officer of Dean "The City of Dallas is our and we are pleased to remain here and continue our many civid and community partnerships.
" Dean said in a statementt it is moving because the company has outgrownm its current workspace, and new space is needes to address the company’s changinh needs. The lease will take occupancy at Cityplace to aboutg 80 percent from about 60percent now, said Sara Payne, vice president at Stream Realtyy Partners, which handles leasing in the Employees will begin movinyg in December and the move will be phasedc in through March, Payne "This was a huge win for the City of Dallasa to keep them in the because they looked all over," Payne said. She said Dean Foodss considered existing spaceand build-to-suits in the Legacy/Frisco area, as well as otherf buildings downtown.
Brokers familiar with the searc said Dean Foods considered Fountain Place and Bank of Americq Plaza among other downtown buildings with significant square footage The asking lease rate for space in Cityplaceeis $24 per squarr foot, plus electricity. Dean Foods will occupy floors 34 throughy 40 inthe 42-floor, 1.2-million-square-foot building. Dean Foodws occupies about 150,000 square feet at its current