W.P. Cary cashes into Plano’s 166,000-SF Intuit building

PLANO – W.P. Carey, a global net-lease REIT headquartered in New York City, has bought 5601 Headquarters Dr. from Piedmont Office Realty Trust Inc.

The 166,033-sf, three-story office building was constructed in 2001 as a build-to-suit for Intuit, a Mountain View, CA-based provider of business and financial management solutions that includes retail products such as TurboTax, QuickBooks and Quicken.

Intuit uses the complex to house management, software development and engineering, as well as operations for its professional tax division.

5601 Headquarters Dr. is located within the Legacy Business Park, a 2,700-acre development that is the site of national and regional headquarters for Hewlett-Packard, JCPenney, Frito Lay, Bank of America and Ericsson. Toyota North America is also in the process of relocating its headquarters from California to the business park.