Software firm signs Arlington Heights lease

As seen in Chicago Real Estate Daily
Software firm Intuit Inc. has signed a 10-year-lease at an Arlington Heights office building after acquiring PayCycle Inc., an online payroll service. The company will occupy 24,805 square feet at 95 W. Algonquin Road later this month, according to a report from NAI Hiffman. The lease boosts the 145,500-square-foot building’s occupancy to 80.6%, according to real estate data provider CoStar Group Inc. Intuit, which acquired Palo Alto-based PayCycle in 2009, is moving employees there from a former PayCycle office in a 15,000-square-feet space at 1014 E. Algonquin Road in Schaumburg, says Gregg Raus, executive vice-president at Jones Lang LaSalle Inc., who represented Mountain View, Calif.-based Intuit. The new space will be a call center, Mr. Raus says.