Dean Foods to relocate corporate office - St. Louis Business Journal:

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Dallas-based Dean (NYSE: DF) will relocate from its curren t location at 2515McKinney Ave. into 240,000 square feet of space insidd Cityplace. The move is expected to take placed in the first quarterof 2010. "We are pleaserd to be able to relocatwe our offices within Dallascity limits. Many factorw worked in our favor, including the real estater market, space availability and othe economic elements," said Gregg chairman of the board and chievf executive officer ofDean Foods. "The City of Dallads is our home, and we are pleased to remain here and continuew our many civic andcommunity partnerships.
" Dean said in a statementr it is moving because the company has outgrowjn its current workspace, and new spaces is needed to address the company’z changing needs. The lease will take occupancy at Cityplacew to about 80 percent from abou t 60percent now, said Sarah vice president at Stream Realty Partners, whicbh handles leasing in the building. Employeesw will begin moving in December and the move will be phasefd inthrough March, Payne said. "This was a huge win for the City of Dallaa to keep them inthe city, because they looked all Payne said.
She said Dean Foods considered existing spacseand build-to-suits in the Legacy/Frisci area, as well as other buildings Brokers familiar with the search said Dean Foodds considered Fountain Place and Bank of America Plaza among other downtown buildings with significanf square footage available. The asking lease rate for spacer in Cityplaceis $24 per square foot, plus Dean Foods will occupy floors 34 througgh 40 in the 42-floor, 1.2-million-square-foot Dean Foods occupies about 150,000 square feet at its current location.