Paycor on Hunt for New Headquarters

By Adrian Maties

Paycor Inc. is in search of a new home for its 420 workers. And that will be no small task, requiring about 125,000 square feet that will necessitate a move from its current location at the aging Holiday Office Park in Queensgate.

The regional provider of Internet payroll solutions has spent the past six months looking for a new home that could either be a renovated existing space or a new corporate headquarters. The move will need to take place by September 2013, when its existing lease expires.

The company has expanded as it has developed a more national profile; its current space also lacks nearby amenities and meeting spaces. Paycor is searching for space inside the Interstate 275 loop, trying to find a more open environment with a high-tech feel, areas for collaboration, easy office access, free parking, nicer bathrooms and proximity to dining options, just as its workers requested in a recent poll. Paycor needs free parking for as many as 700 people. It has thus decided against moving into space downtown.

Right now, only five buildings have enough space to house Paycor’s employees. Among them are the Baldwin Complex in Walnut Hills and the buildings in Covington, traditional office properties that would need to be retrofitted in order to comply with Paycor’s needs.  Some possible locations for new construction include the University Square site in Clifton Heights, Keystone Parke in Evanston, Oakley Station and the Medpace campus in Madisonville.

Paycor was founded in 1990 by Bob Couglin. The company provides online payroll services and human resource management solutions to 21,000 clients in the United States. Its move out of Queensgate is expected to start a war between communities as they try to assemble the most attractive financial package to lure the fast-growing company.