DirectView Holdings, Inc. Signs 10-Year Lease for New Multipurpose Facility
May 29, 2019 at 11:57 am
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DirectView Holdings, Inc. announced that the Company has signed a 10-year lease to occupy 7,870 square feet of space in “The Tech Center of Greenville,” to build out a new, mutlipurpose facility. Located on Greenville Avenue in the North Dallas area of Allen, Texas, The Tech Center contains three high quality office/flex buildings that are well positioned in the growing Allen business park in North Dallas. The company is initially occupying 7,870 square feet for offices, a call center for technical support and sales, a training center, and warehouse space for inventory and shipping, with plans to lease more space in the future. Since each space is built out per tenant request, the company had the opportunity to negotiate tenant improvements consisting of nearly $355,000 to build out the interior of the location. As part of the agreement, the company has received 4 free months of rent under the 10-year lease, and the company anticipates moving to the location on or before September 1, 2019. The company’s investment in a new multipurpose facility is anticipated to streamline its business operations and allow more room for further growth. The move comes on the heels of DirectView recording a record year of sales growth, and Apex CCTV.com, the Company’s wholly-owned subsidiary, recently reporting an increase in orders and revenue of 172% and 185%, respectively. Future plans for the space include a showroom where customers can view and operate the company’s security, surveillance, and access control products. The company anticipates reserving further warehouse space to ensure product availability and order fulfilment space to ensure timely delivery of products.
DirectView Holdings Inc is a United States-based provides security-related services for residential, commercial, and industrial. The Company, through its subsidiaries, provides video surveillance solutions and teleconferencing products and services to businesses and organizations. It operates in two divisions: Security (Video Surveillance) and Video Conferencing. The Security division offers technologies in surveillance systems providing onsite and remote video and audio surveillance, digital video recording, and services. It also sells and installs surveillance systems and sells maintenance agreements. The Video conferencing division offers teleconferencing products and services that enable clients to conduct remote meetings by linking participants in geographically dispersed locations. The Video Conferencing division provides conferencing products and services to organizations such as law firms, banks, high tech companies and government organizations.