Paylocity moves from Boise to Meridian

Seeking more parking and a shorter commute for its Treasure Valley start, human capital management company Paylocity is moving from Boise in July to Meridian’s emerging Ten Mile Crossing business park.

Paylocity will move about 180 employees to Ten Mile Crossing, a new development zone at Meridian’s southwestern edge on the freeway. It will use a five-story, 127,000-square foot newly built structure that is the second building in the development. The company expects to have 450 employees in 2020 in a building that could ultimate have 700 Paylocity employees.

Paylocity is initially leasing 65,000 square feet on the third, fifth and portions of the first floors, which have capacity for 280 people. After three years, the company will have the right to lease the entire building, said Jay Schedler, Paylocity’s vice president of human resources.

The company will move into the fifth floor on July 2 and the third floor on July 16. Paylocity anticipates claiming the fourth floor in January 2020, he said.

Paylocity joins AmeriBen, which opened its new corporate offices in a neighboring two-story, 70,000-square-foot building as the first tenant at Ten Mile Crossing in August 2017 and now has more than 800 employees.

Ten Mile Crossing developers Brighton Corp. and Gardner Company started steel construction June 13 on the third office building, a four-story, 84,000-square-foot structure,where Brighton will relocate its offices to the fourth floor. Horrocks Engineering at the end of July will move into the same building as Paylocity.

The city of Meridian annexed the 75 acres that make up Ten Mile Crossing just prior to construction starting in December 2016. Developers anticipate 1.3 million square feet of office space for Ten Mile Crossing.

“We’ll have an employment center on that end of town,” said Cameron Arial, Meridian’s community development director. “Folks can work and reside in that part of town.”

Lowering employee commutes and eliminating downtown Boise parking problems were two prime motivators for the move, along with outgrowing the C.W. Moore Plaza office Paylocity has occupied since expanding to Boise in January 2016 with about a dozen employees, Schedler said.

“We have a lot of employees in Nampa, Caldwell and Meridian,” Schedler said. “The vast majority of our people are not in downtown Boise. I would venture to say 85 to 90 percent of our people are within a 20-minute commute (of Ten Mile Crossing). Being in the center of the valley will allow us to better recruit and retain people.”

Key location for Paylocity

Paylocity, founded in 1997, is a $374 million company with one of its three principal locations in the Treasure Valley. Its annual income was $152.7 million in January 2016 when the company opened its Boise office.

“Our first year here was testing the city we selected,” said Schedler, referring to the Boise metro overall. “Once we did that, we knew we made the right decision.”

The Boise region is Paylocity’s western presence. The corporate office is in Schaumberg, a Chicago suburb, and its eastern principal office in Lake Mary, Florida, an Orlando suburb. All three offices handle the company’s 15,000 U.S. clients, but once a client has a relationship at one office, all interactions are with the same office, Schedler said.

Paylocity has smaller offices in Nashua, New Hampshire, and Oakland, California, with plans to add smaller offices in Cincinnati, Philadelphia and Phoenix.

From before day one in Boise, Paylocity knew downtown Boise was a temporary outpost. Executives, including the CEO, took a look at the fields that would become Ten Mile Crossing in mid-2017 after Schedler has settled for Ten Mile Crossing.

“I wanted them to see the site,” Schedler said. “We did a comprehensive study on Meridian Road and Eagle Road. We determined the congestion on Eagle Road was probably not ideal for our people. We did a study on Ten Mile Road. Based on all the growth happening, it’s only a matter of time until this becomes a big commercial road. We could envision a lot of retail and office uses. We were already aware of AmeriBen.”

The Meridian office will be similar in size to the slightly larger 73,000-square foot office in Lake Mary. Both locations are bound for expansion, he said.

The move to Meridian comes just as Paylocity in maxing out at C.W. Moore Plaza and additional  downtown Boise space it has leased in the U.S. Bank Plaza.

“Our move to Meridian is perfect. We are running out of space right about now,” Schedler said. “Coming in July, we do a lot of hiring and also in September and October. Year-end is when we bring on a majority of our new clients.”