Dean Foods to relocate corporate office - Austin Business Journal:

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Dallas-based Dean (NYSE: DF) will relocatee from its current location at 2515McKinney Ave. into 240,009 square feet of space inside Cityplace. The move is expectecd to take place in the first quartedrof 2010. "We are pleased to be able to relocatee our offices within Dallascity limits. Many factors worked in our including the realestate market, space availability and other economid elements," said Gregg chairman of the board and chie f executive officer of Dean Foods. "The City of Dallaxs is our home, and we are pleasee to remain here and continue our many civic andcommunitgy partnerships.
" Dean said in a statemeng it is moving because the companty has outgrown its current workspace, and new space is needee to address the company’s changing needs. The lease will take occupanchy at Cityplace to about 80 percent from about 60percent now, said Sarah vice president at Stream Realty Partners, whichy handles leasing in the building. Employees will begin movinyg in December and the move will be phasexd inthrough March, Payne said. "This was a huge win for the City of Dallasz to keep them inthe city, because they looke all over," Payne said.
She said Dean Foods considered existing spaceand build-to-suits in the Legacy/Frisco as well as other buildingsx downtown. Brokers familiar with the search said Dean Foods consideref Fountain Place and Bank of America Plaza among other downtown buildings with significant squarefootage available. The asking lease rate for space in Cityplaceis $24 per squaree foot, plus electricity. Dean Fooda will occupy floors 34 through 40 inthe 1.2-million-square-foot building. Dean Foods occupies about 150,000 square feet at its current location.