Dean Foods to relocate corporate office - Charlotte Business Journal:

mcfarlainofuqub1258.blogspot.com
Dallas-based Dean (NYSE: DF) will relocate from its current location at 2515McKinnehy Ave. into 240,000 square feet of space inside The move is expected to take place in the firsty quarterof 2010. "We are pleased to be able to relocated our offices within Dallascity limits. Many factorsd worked in our favor, including the real estate market, spacde availability and othereconomicv elements," said Gregg Engles, chairman of the board and chiev executive officer of Dean Foods. "The City of Dallax is our home, and we are pleasedd to remain here and continus our many civic andcommunity partnerships.
" Dean said in a statementr it is moving because the company has outgrowjn its current workspace, and new space is needed to address the company’d changing needs. The leasew will take occupancy at Cityplace to about 80 percent from abouf 60percent now, said Sarah Payne, vice presidentr at Stream Realty Partners, which handles leasing in the building. Employees will begin moving in Decembet and the move will be phased inthrough March, Payne "This was a huge win for the City of Dallasa to keep them in the because they looked all Payne said. She said Dean Foods considereds existing spaceand build-to-suits in the Legacy/Frisco area, as well as otheer buildings downtown.
Brokers familiar with the search said Dean Foods considered Fountain Place and Bank of Americaw Plaza among other downtown buildings with significantr squarefootage available. The asking lease rate for spac e in Cityplaceis $24 per square foot, plus electricity. Dean Foodds will occupy floors 34 through 40 inthe 1.2-million-square-foot building. Dean Foods occupiexs about 150,000 square feet at its current