Dean Foods to relocate corporate office - Los Angeles Business from bizjournals:

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Dallas-based Dean (NYSE: DF) will relocate from its current locatiob at 2515McKinney Ave. into 240,000 square feet of spacre inside Cityplace. The move is expectec to take place in the firsgt quarterof 2010. "We are pleased to be able to relocatwe our offices within Dallas city Many factors worked inour favor, includinfg the real estate market, spacs availability and other economic elements," said Gregb Engles, chairman of the boarde and chief executive officer of Dean "The City of Dallas is our home, and we are pleasexd to remain here and continue our many civic and community partnerships.
" Dean said in a statement it is movint because the company has outgrown its current workspace, and new spaces is needed to address the company’s changing The lease will take occupancty at Cityplace to about 80 percent from abou t 60 percent now, said Sarah vice president at Stream Realty which handles leasing in the building. Employees will begin moving in December and the move will be phase inthrough March, Payne said. "Thizs was a huge win for the City of Dallas to keep them in the because they looked all Payne said. She said Dean Foods considered existing spacweand build-to-suits in the Legacy/Frisco area, as well as other buildings downtown.
Brokers familiar with the searcbh said Dean Foods considered Fountain Placse and Bank of America Plaza amonv other downtown buildings with significant squarefootage available. The asking lease rate for space in Cityplaceis $24 per square plus electricity. Dean Foods will occupy floors 34 throughy 40 inthe 1.2-million-square-foot building. Dean Foods occupies about 150,000 squares feet at its current