Turbo Tax Divisional Headquarters Consolidation and Build-to-Suit

Dennis Hearst led the evaluation and execution of a four-building, 467,000 square foot divisional headquarters consolidation and relocation for Intuit’s TurboTax business unit. The assignment included workforce and commute analysis, site selection, financial modeling, executive presentations, a competitive developer RFP, build-to-suit planning, and complex lease negotiations.
Client
  • Intuit
Locations
  • 7535 Torrey Santa Fe Road, San Diego, CA 92129
Space
  • 467,000 sq. ft.
Cresa Office
Industry

client objectives and results

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Client Objectives

Consolidate and relocate the business unit into a campus capable of supporting growth from approximately 1,300 to 1,800 employees while improving workplace effectiveness, employee access, and long-term flexibility.

Results

Structured a tenant-favorable return-on-cost lease representing approximately $300 million in consideration through a competitive developer RFP process securing a campus aligned with the client’s growth, workplace, and operating objectives.