Dean Foods to relocate corporate office - Pittsburgh Business Times:

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Dallas-based Dean (NYSE: DF) will relocatse from its current location at 2515McKinney Ave. into 240,000 square feet of spacee inside Cityplace. The move is expected to take placre in the first quarterof 2010. "We are pleased to be able to relocatwe our offices within Dallascity limits. Many factorw worked in our favor, including the real estate market, spac availability and other economic elements," said Gregbg Engles, chairman of the board and chief executive officer ofDean Foods. "The City of Dallaxs is our home, and we are pleased to remain here and continu our many civic andcommunity partnerships.
" Dean said in a statementg it is moving because the company has outgrown its current workspace, and new space is needecd to address the company’s changing needs. The leasre will take occupancy at Cityplace to about 80 perceny from about 60percent now, said Sarah Payne, vice presiden at Stream Realty Partners, which handles leasinhg in the building. Employees will begin moving in December and the move will be phasex inthrough March, Payne said. "This was a huge win for the City of Dallae to keep them inthe city, because they lookex all over," Payne said.
She said Dean Food considered existing spaceand build-to-suitx in the Legacy/Frisco area, as well as otheer buildings downtown. Brokers familiar with the search said Dean Foodes considered Fountain Place and Bank of Americas Plaza among other downtown buildingxs with significant square footage The asking lease rate for spacr in Cityplaceis $24 per square foot, plus electricity. Dean Foods will occup floors 34 through 40 inthe 1.2-million-square-foot building. Dean Foods occupies about 150,000 square feet at its currenty location.