Software management solutions and real estate software by Intuit Real Estate Solutions.
Contact Us





Intuit Real Estate Solutions provides property and real estate management software to commercial and residential property managers, as well as corporate tenants.
Real Estate Home
About Us

About Us

Global Offices

Press Releases
New Client Announcements
Current IRES News
Archived IRES News
Intuit Press Room

Alliances

Careers

Success Stories

Software biz settles into former OfficeMax building
Crain's Cleveland Business
February 14, 2005

By Stan Bullard

In a fitting move for a company that deals with real estate developers and brokers, software producer Intuit Real Estate Solutions has set up shop in the former OfficeMax Business Center in Highland Hills and has claimed naming rights to the building.

Intuit is scheduled to complete the move today, Feb. 14, of 214 employees to the 6-year-old structure from the building it has occupied at 29345 Mercantile Road in Beachwood. The company has taken 53,000 square feet in its new home at 20800 Harvard Road. That's up 13% from 47,000 square feet in its former space.

Intuit needed room to grow and wanted to replace dated offices with a largely open-office environment that's better suited to its operations, said Intuit Real Estate president Robert Ballou.

The new office includes a "think room" with a 100-foot long continuous white board that employees can use to develop their ideas in teams, and a "quiet room" that's insulated from outside noise, light and other distractions, Mr. Ballou said. The new office also allows the company to add improved laboratories to work with visiting customers on software.

"These things are quite common in the Intuit environment" and required space the company didn't have in Beachwood, Mr. Ballou said.

Intuit Inc. is based in Mountain View, Calif. It gained a presence in Greater Cleveland when it acquired the former Management Reports International in 2002 and changed the unit's name to Intuit Real Estate Solutions.

Intuit Real Estate provides accounting and property data software for clients such as Prudential Real Estate Investors of Newark, N.J., CB Richard Ellis of Los Angeles, and various real estate investment trusts. The predecessor Management Reports provided mainframe computer services, but expanded to include desktop and web-based services, Mr. Ballou said.

Intuit landed at the former OfficeMax building because Duke Realty Corp. converted the structure to multitenant use and gave Intuit rights to expand there in the future, Mr. Ballou said.

The Staubach Co., which represents Intuit nationally, represented it here through its Cleveland office.

Landing Intuit as a tenant means Duke has filled half the 107,000-square-foot building, said Wayne Lingafelder, Duke senior vice president. Duke paid $8.35 million last September for the building, which was sold following the 2003 merger of OfficeMax with Boise Cascade Corp.

The combined company consolidated its Cleveland-area operations in Shaker Heights. Highland Hills' gain is Beachwood's loss. Tom Sudow, executive director of the Beachwood Chamber of Commerce, said his organization and the city of Beachwood presented multiple options to Intuit, but it opted for the newer building where it inherits benefits from a property tax abatement.

Neither Mr. Lingafelder nor Mr. Ballou would disclose terms of the lease.

Search our Success Stories library for clients who share your business concerns.
 Press Releases & News

Join one of our informative product WEBINARS!
Click for more information
IMPACT- a revolutionary portfolio modeling and analysis tool now with waterfall capabilities
Click for more info & to view product demo
NEW Cash Flow Budgeting Tool Now Available!
Click for more info & to view product demo
NEW GL/AP/PO Product Demo
Click to view product demo
Intuit Real Estate Solutions, Chatham Financial Form Alliance to Offer Debt Management Solution
Click for more information
Phillips Edison Selects Intuit’s Budgeting Solution to Improve Operating Performance
Click for more information
Interested in More IRES News?
Recent Press Releases



 New Client Announcements
IMT Residential Adds Intuit Real Estate Solutions’ Resident Portal to Software Solution
Read More
Real Estate Home | Products | Services | Events | ClientSite | About
Privacy Policy | Site Map | TurboTax
   © 2009 Intuit Inc. All rights reserved.