Dean Foods to relocate corporate office - Charlotte Business Journal:

nadezhdaqedyxos.blogspot.com
Dallas-based Dean (NYSE: DF) will relocate from its currentf location at 2515McKinney Ave. into 240,000 square feet of spaces inside Cityplace. The move is expected to take placse in the first quarterof 2010. "We are pleaseed to be able to relocater our offices within Dallas city Many factors worked inour favor, includin g the real estate market, space availability and othe economic elements," said Gregg chairman of the boardc and chief executive officer of Dean Foods. "Thee City of Dallas is our home, and we are pleasec to remain here and continue our many civic andcommunitg partnerships.
" Dean said in a statemen t it is moving because the company has outgrown its current workspace, and new space is needed to address the company’z changing needs. The lease will take occupanc y at Cityplace to about 80 percent from about 60percengt now, said Sarah Payne, vice president at Streanm Realty Partners, which handlesx leasing in the building. Employees will begin movingv in December and the move will be phases inthrough March, Payne said. "This was a huge win for the City of Dallae to keep them inthe city, because they lookedc all over," Payne said.
She said Dean Foods considered existint spaceand build-to-suits in the Legacy/Frisco as well as other buildings downtown. Brokers familiar with the search said Dean Foodd considered Fountain Place and Bank of Americaq Plaza among other downtown buildinges with significant squarefootage available. The asking lease rate for spacee in Cityplaceis $24 per squard foot, plus electricity. Dean Foods will occuphy floors 34 through 40 inthe 42-floor, 1.2-million-square-footy building.
Dean Foods occupies abou 150,000 square feet at its current