CardLab, Inc. Signs 7-Year Lease in Addison Com Center

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Dallas-based CardLab, Inc. signs a 7-year lease in Addison Com Center for 23,000 square feet to accommodate 100% year over year growth.

CardLab, Inc., the leading provider of gift cards and incentive cards through the websites GiftCard.com and IncentiveCardLab.com, respectively signed a seven year lease in the Addison Com Center. Effective September 1st, the new CardLab headquarters will be located at 16650 Westgrove Drive, Addison, TX 75001. The Move Magicians, a full-service concierge moving company, is overseeing the relocation to provide a turn-key move. Lawrence Gardner with OMS Strategic Advisors acted as CardLab’s advisor and Joel Heydenburk with Jackson Walker LLP provided legal counsel.

The new headquarters is four times larger than the previous space in Dallas. “The move was necessary to accommodate our 100% growth last year as we are on track to grow another 100% in 2013,” said David Jones, CEO of CardLab, Inc. GiftCard.com was in the top 50 fastest growing e-retailers in 2012, on the list with Hulu, Pandora, Etsy, and Barnes & Noble. In addition to the 100% growth in revenue, CardLab doubled its staff in 2012, adding primarily to the marketing and customer service teams.

Highlights from 2012

  •     After raising $3M in royalty financing from Cyprus Growth Capital, CardLab purchased 1 800 Gift Card, Inc. Included in the purchase was the 1-800-GIFT CARD® phone number and GiftCard.com domain, sold for over $4M in cash and stock, making it one of the most expensive domain purchases in history.
  •     GiftCardLab.com rebranded as GiftCard.com, making site improvements including improved searched and a smoother checkout experience.
  •     IncentiveCardLab.com has now fulfilled orders for 35 of the Fortune 100 companies and started showcasing case studies highlighting how incentive cards can be used in a variety of industries.
  •     The number of store gift cards offered on GiftCard.com and IncentiveCardLab.com doubled last year as both sites began offering local gift cards to restaurants and retailers in the Dallas area.

To learn more about how CardLab can help provide incentive solutions for employee rewards, sales incentives, and promotions, visit IncentiveCardLab.com.

About CardLab, Inc,
CardLab, Inc. is the pioneer of on-demand, fully customized, open-loop incentive prepaid card products. Using our proprietary technology, we make it incredibly easy to create customized prepaid card awards that can extend your brand, drive behavior, and create memorable award experiences. As a result, CardLab Inc. supplies prepaid award cards to 5,000 companies including 35% of Fortune 100 companies.

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Kristin Miller
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