Intuit QuickBase Relocates Headquarters to 150 CambridgePark Drive, Cambridge

  Intuit QuickBase Relocates Headquarters to 150 CambridgePark Drive,
  Cambridge

Strategic Relocation Increases Office Size to Accommodate Growth and Taps into
                       Boston’s Burgeoning Tech Talent

Business Wire

WALTHAM, Mass. -- May 15, 2013

QuickBase, a cloud-based collaboration platform from Intuit Inc. (Nasdaq:
INTU), today announced it will be relocating its headquarters from Waltham,
Mass. to Cambridge, Mass. in early fall of this year. Local Intuit employees
from the Intuit Payments Solution Division, Intuit Partner Platform and CTO
team will also be joining QuickBase at the new location. The new site will
encompass 60,884 square feet at 150 CambridgePark Drive, owned by Equity
Office, in the Alewife section of Cambridge.

“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,” said Allison Mnookin, vice
president and general manager of Intuit QuickBase, which was recently named
one of the Best Places to Work in Massachusetts by the Boston Business
Journal. “When selecting our 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. With the increased real estate and
first-class amenities, we’re building out a fun and collaborative work space.
We’re confident that current and future employees will thoroughly enjoy their
new work environment.”

QuickBase and the other business units will occupy two floors of the building,
which is 50 percent larger than the current QuickBase headquarters in Waltham
and has additional space available for expected growth. The move to Cambridge
marks Intuit’s continued goal of attracting the best and most qualified
candidates in the Boston area.

“Boston is the East Coast hub for technological innovation and has virtually
unparalleled engineering talent coming out of the surrounding universities,”
said Tayloe Stansbury, Intuit senior vice president and chief technology
officer. “This is a key reason why we’ve identified the city as a critical
region for us as we continue developing innovative market solutions.”

Located less than 10 miles from the current Waltham and Boston sites, and one
block away from the MBTA Alewife Station, the new location includes a number
of amenities, including free parking, a Whole Foods-run corporate café, bike
storage, walking and bike trails, childcare next door and a first-class
fitness center. The new office space also features additional perks, such as a
yoga and meditation room, locker room with showers, game room with ping pong
and Xbox Kinect, bocce ball court and fire pit.

“Equity Office is proud to welcome Intuit as an anchor tenant to our
campus-style complex at 150 CambridgePark Drive, which offers amenities that
suit the needs of Intuit’s workforce,” said Matthew George, vice president,
leasing, Equity Office, who managed the deal along with brokers Bart
Lammersen, managing director, Jones Lang LaSalle, Palo Alto, Calif., and
Charles Kavoogian, senior vice president / partner, CBRE/New England.

“The 125 and 150 CambridgePark Drive campus is an institutional-quality asset
that has changed the perception of West Cambridge. The properties have
experienced robust activity from all submarkets, including East Cambridge and
the suburbs,” noted Kavoogian.

About QuickBase

Used by more than half of the Fortune 100 and more than 500,000 enterprise end
users, Intuit QuickBase is a proven and trusted cloud platform that empowers
do-it-yourself workers (DIYers) to create their own database applications and
solutions that improve productivity. Business users can select from hundreds
of ready-to-use database applications such as online project management and
sales management software or customize a business application to match the
exact workflow and unique needs of their team.

About Intuit Inc.

Intuit Inc.  is a leading provider of business and financial management
solutions for small and mid-sized businesses; financial institutions,
including banks and credit unions; consumers and accounting professionals. Its
flagship products and services, including QuickBooks®, Quicken® and TurboTax®,
simplify small business management and payroll processing, personal finance,
and tax preparation and filing. ProSeries® and Lacerte®  are Intuit's leading
tax preparation offerings for professional accountants. Intuit Financial
Services helps banks and credit unions grow by providing on-demand solutions
and services that make it easier for consumers and businesses to manage their
money.

Founded in 1983, Intuit had annual revenue of $4.15 billion in its fiscal year
2012. The company has approximately 8,000 employees with major offices in the
United States, Canada, the United Kingdom, India and other locations. More
information can be found at www.intuit.com.

About CBRE/New England

CB Richard Ellis – N.E. Partners, LP, a joint venture with CBRE Group, Inc.
has offices in Massachusetts, Connecticut, Rhode Island, Maine and New
Hampshire. Please visit our website at www.cbre-ne.com. CBRE Group, Inc.
(NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is
the world’s largest commercial real estate services firm (in terms of 2012
revenue). The company has approximately 37,000 employees (excluding
affiliates), and serves real estate owners, investors and occupiers through
more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic
advice and execution for property sales and leasing; corporate services;
property, facilities and project management; mortgage banking; appraisal and
valuation; development services; investment management; and research and
consulting.

About Equity Office

Equity Office is one of the largest commercial property owners in New England
with more than 11.7 million square feet of space in the region, and with a
portfolio encompassing approximately 70 million square feet of Class A office
space under management in superior locations throughout the country. Equity
Office is an affiliate of The Blackstone Group, a pre-eminent global equity
firm providing significant financial strength and long term stability.
Additional information is available at http://equityoffice.com.

Intuit, QuickBase and the Intuit logo, among others, are registered trademarks
and/or registered service marks of Intuit Inc. in the United States and other
countries.

Contact:

Intuit Inc.
Monica Appelbe, 650-944-5648
monica_appelbe@intuit.com
or
Access Communications
Adam Landres-Schnur, 415-844-6215
alandres-schnur@accesspr.com
 
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