T, multi-use facility is a good fit...
Ferris' instincts have been dead-on. From the development of the IVR systems, to the string of patent apps in 2004, to last years major redirection of the company, one can't help but see the man has a major league game plan -and most likely a timetable.
While not everything has gone his way, those events that have, show themselves to be industry/company changing. And it is now, after 5 years short years of selling the IVR line, Virtra appears to be hitting it's stride.
Lockheed, Threatdynamics, PEO STRI partnership, growing distribution infrastructure, and now what appears expanded production facilities would only naturally fit into such a mix.
So given the above, with a lease soon to be up, and in the middle of a collapsing commercial market, what to do?
Running fast and hard, focus on vacant appropiate sized pads, hire an architect for remodel rendering, (mostly front office stuff, the rest is warehouse anyway), and negotiate hard.
My area is loaded with vacant overbuild commercial units, so a national downturn like this pays for the remodel pretty much, so Bob splurges.
Plus, as you say TEEROY, throw a ThreatDynamics facility into the mix, so paying the rents no problem. Nice.
Whether or not the office portion remodel is finished in November, Virtra moves into the backend (only slight remodel here) warehousing/production facility, and surprisingly enough it's not much different from the digs they left.
Looking at the Cawley site, Virtra's pics are different from almost every (only one other had them) project or board rendering. The focus on the interior shots was not characteristic of the architect. Makes one think they were selling Virtra on the added aesthetics in the task of changing something rather then building from scratch.
Also, building from scratch is time consuming, dealing with city demands etc........ remodel is much more run-n-gun. Like a man with a plan.
Anyway, that's one angle.
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