FRISCO, TX – Nov. 12, 2007 – Mark Depker, president of Hall Financial Group’s management division, announced today that PAYjr, Inc. has signed a new lease for 9,711 square feet of office space for its headquarters location at the new 3010 Gaylord Parkway building in Hall Office Park. To accommodate PAYjr’s rapid growth, this new lease includes an expansion of almost 6,500 square feet, a relocation within the office park and a expansion plans for 25,000 square feet currently in the works.
PAYjr, Inc. provides the world’s first online allowance and chore management system along with innovative hands-on tools such as the PAYjr teen Prepaid Card for ages 13 and older. The brainchild of CEO David S. Jones, PAYjr was conceived in late 2001, incorporated in 2004 and launched in April 2006. The company currently has 27 employees and is growing at a rate of 3-5 new employees each month. PAYJr has more than 70,000 customers and has been featured on the Today Show, Fox 4 News, the CBS Evening News with Katie Couric and ABC World News Tonight.
The company is focused on providing smart, practical and easy-to-use online tools that help parents teach children about money management and budgeting. the PAYjr teen Prepaid Card, one of PAYjr’s primary products, is the leading teen prepaid card in the nation. PAYjr also works closely with banks, credit unions and major youth brands to help create market differentiation with branded and co-branded PAYjr programs.
According to an article published by the National PTA, “The best tool parents have for teaching financial responsibility is an allowance. Even very young children should have discretionary funds to spend as they see fit. Saving, decision-making, planning, sharing, charity, and responsibility are just some of the lessons that can be taught through an allowance.”
"We continue to experience overwhelming response from our customers and great demand from financial institutions, major web portals and school districts looking to integrate the PAYjr program as part of a greater strategy to tap the youth market and give back to the community," said David S. Jones, CEO of PAYjr. “Hall Office Park has been able to work with us to accommodate our growth and space needs. We also truly enjoy the amenities and services available to our employees at the park which helps us stay on the cutting edge of attracting and retaining an educated, talented workforce.”
Jones, who lives in Frisco, says the park’s convenient location has an added benefit. “Hall Office Park’s location in Frisco has become a valuable recruiting tool for PAYjr as people are considering their traveling distance even more these days with the high gas prices,” he said.
Jones said that one of the reasons for the company’s growing needs is the upcoming November launch of www.GiftCardLab.com, a 50/50 joint venture with a London-based company. GiftCardLab.com is the first design-your-own Gift Card website, allowing people to personalize a traditionally impersonal gift.
“We believe that what we are doing at Hall Office Park helps our tenants be more creative and more productive, ultimately increasing their bottom line success,” said Depker. “This is our goal and the real mission that moves us forward. We are extremely proud of PAYjr’s business and the success they are realizing.”
Lawrence F. Gardner with Cushman & Wakefield of Texas represented PAYjr, Inc. in the transaction. Jean C. Farris, director of leasing, negotiated on behalf of Hall Office Park’s owner and landlord, Hall Financial Group.
About Hall Office Park
Hall Office Park is Hall Financial Group’s signature, award-winning 162-acre development, master planned for three million square feet of Class A office space. Today, more than 154 companies with 6,800 employees call Hall Office Park home. Thirteen architecturally distinct office buildings have been completed or are nearing completion, two are under construction and more are planned. Uniquely centered in one of the fastest growing regions in the nation, Hall Office Park is located on the Dallas North Tollway at the Gaylord Parkway exit, one-half mile north of SH 121. Just 25 minutes from DFW Airport and downtown Dallas, this multi-tenant development is near a host of sporting and entertainment venues and retail, restaurant and residential options. Hall Office Park combines upscale lifestyle amenities with artistic beauty and features more than 165 important pieces of contemporary art throughout the grounds and within building lobbies. Part of The Hall International Collection is the Texas Sculpture Garden, recognized as the largest private collection of its kind ever assembled and made available to the public. For more information, visit www.hallofficepark.com and www.texassculpturegarden.org.
About Hall Financial Group
Founded in 1968, Hall Financial Group is owned by Craig Hall and family. Diversified holdings include active operations in commercial real estate development, ownership and management; software application development, principally for the insurance industry; structured finance lending for real estate and other areas; vineyards and wineries; and oil and gas. In addition, the company maintains a portfolio of more than $1 billion of stocks, bonds and venture capital investments in a broad range of industries, currently including a significant ownership position in American Airlines (AMR). For more information, visit www.hallfinancial.com.
About PAYjr.
Headquartered in Dallas, Texas, PAYjr provides smart, practical and easy-to-use online tools that help parents teach their children about money management and budgeting. For More Information Contact: Press@PAYjr.com