Intuit Unit Takes Cambridge Space

CAMBRIDGE, MA-Intuit Inc.'s QuickBase cloud-based software business unit will be relocating to Equity Office's 150 CambridgePark Dr. here, in a space that's 50% larger than its current headquarters in nearby Waltham. QuickBase expects to make the move into its new 60,884-square-foot berth in early fall.

Intuit employees from the Intuit Payments Solution Division, Intuit Partner Platform and CTO team will join QuickBase there. Deals terms were not disclosed.

“The rapid growth of the QuickBase business and our other Intuit teams here has created demand for more space and more talent. Relocating to the Cambridge area allows us to directly tap into that talent,” says Allison Mnookin, VP and general manager of Intuit QuickBase, in a release. She adds that in selecting the new location, “we carefully considered employees' needs, including amenities, commutes, and specifically selected the Alewife area due to its proximity to public transportation and easy access to the surrounding university population.” The result, she adds, will be “a fun and collaborative work space.”

QuickBase's new home offers additional room for the growth the company is anticipating. It's one block away from the Massachusetts Bay Transportation Authority's Alewife station, and sports a number of amenities including a Whole Foods-run corporate café, bike storage, walking and bike trails, childcare next door and a fitness center.

In the release, Equity Office's Matthew George notes that 150 CambridgePark “offers amenities that suit the needs of Intuit's workforce,” George, VP of leasing with Equity Office, represented ownership along with Charles Kavoogian, SVP/partner with CBRE/New England. Jones Lang LaSalle managing director Bart Lammersen, based in Palo Alto, CA, represented Intuit QuickBase.

“The 125 and 150 CambridgePark Drive campus is an institutional-quality asset that has changed the perception of West Cambridge,” Kavoogian says in the release. “The properties have experienced robust activity from all submarkets, including East Cambridge and the suburbs.” Cassidy Turley research put the Alewife neighborhood's availability rate at 25.4% at the end of the first quarter.