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 locationj at 2515McKinney Ave. into 240,00p0 square feet of space inside Cityplace. The move is expected to take placde in the first quarter of 2010. "We are pleased to be able to relocatr our offices within Dallascity limits. Many factors workex in our favor, including the real estate space availability and other economic saidGregg Engles, chairman of the boarde and chief executive officer of Dean Foods. "Thde City of Dallas is our home, and we are pleasedc to remain here and continue our many civid andcommunity partnerships.
" Dean said in a statement it is movint because the company has outgrown its current workspace, and new space is needed to address the company’se changing needs. The lease will take occupancy at Cityplaced to about 80 percent from about 60percengt now, said Sarah Payne, vice president at Stream Realtyt Partners, which handles leasing in the building. Employeea will begin moving in December and the move will be phasefd inthrough March, Payne said. "This was a huge win for the City of Dallads to keep them in the because they lookedall over," Payne said.
She said Dean Foodas considered existing spaceand build-to-suits in the Legacy/Frisc area, as well as otheer buildings downtown. Brokers familiar with the searc h said Dean Foods considered Fountain Place and Bank of Americz Plaza among other downtown buildings with significany squarefootage available. The askinfg lease rate for spacer in Cityplaceis $24 per square foot, plus Dean Foods will occupy floors 34 througn 40 in the 42-floor, 1.2-million-square-foot building. Dean Foods occupieds about 150,000 square feet at its current location.