Dean Foods to relocate corporate office - Memphis Business Journal:

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Dallas-based Dean (NYSE: DF) will relocate from its currenty location at 2515McKinney Ave. into 240,000 square feet of spacre inside Cityplace. The move is expected to take placs in the first quarteeof 2010. "We are pleased to be able to relocater our offices within Dallascity limits. Many factors workedx in our favor, including the real estatwe market, space availability and othee economic elements," said Gregg Engles, chairman of the board and chief executive officer ofDean "The City of Dallas is our and we are pleased to remain here and continue our many civifc and community partnerships.
" Dean said in a statemenrt it is moving because the compan has outgrown its current and new space is needed to address the company’z changing needs. The lease will take occupancu at Cityplace to about 80 percent from about 60percentf now, said Sarah vice president at Stream Realty Partners, which handlesd leasing in the building. Employeed will begin moving in Decembed and the move will be phased in through Payne said. "This was a huge win for the City of Dallads to keep them inthe city, becauser they looked all Payne said. She said Dean Foods considered existin g spaceand build-to-suits in the Legacy/Frisco as well as other buildings downtown.
Brokerss familiar with the searcgh said Dean Foods considered Fountaim Place and Bank of America Plaza among othedr downtown buildings with significanyt squarefootage available. The asking lease rate for spacre in Cityplaceis $24 per square foot, plus Dean Foods will occupy floorz 34 through 40 in the 1.2-million-square-foot building. Dean Foods occupies about 150,000 square feet at its currentr location.