ITEM 2. PROPERTIES
We built a new 105,000 square foot corporate headquarters facility in Eden Prairie, Minnesota which opened in October 2007. We also lease approximately 67,000 square feet of additional office space in Eden Prairie, Minnesota for our information technology function.
All but one of our branch offices are leased from third parties under leases with initial terms ranging from three to fifteen years. Our office locations range in space from 1,000 to 153,000 square feet. The following table lists our largest locations:
| City/State | Approximate Square Feet |
||
|---|---|---|---|
| Eden Prairie, MN | 153,000 | ||
| Eden Prairie, MN(1) | 105,000 | ||
| Chicago, IL(1) | 80,000 | ||
| Eden Prairie, MN | 67,000 | ||
| Atlanta, GA | 27,350 | ||
| Chicago, IL | 20,847 | ||
| Coralville, IA | 19,182 | ||
| Southfield, MI | 18,464 | ||
| Woodridge, IL | 16,914 | ||
| Fort Worth, TX | 15,000 | ||
| Elk Grove Village, IL | 13,163 | ||
| Monterrey, CA | 12,712 | ||
| Madison, WI | 12,400 | ||
| Kansas City, KS | 12,174 | ||
| Cordova, TN | 11,617 | ||
| Lisle, IL | 11,613 | ||
| Sartell, MN | 11,494 | ||
| Chicago, IL | 11,355 | ||
| Los Angeles, CA | 10,695 | ||
| Tampa, FL | 10,641 | ||
| Mississauga, ONT | 10,304 | ||
(1) These properties are owned. All other properties in the table above are leased from third parties.
We also lease approximately 488,000 square feet of warehouse space throughout the United States. The following table lists our largest warehouses:
| City/State | Approximate Square Feet |
||
|---|---|---|---|
| Carson, CA | 101,200 | ||
| Vancouver, WA | 79,000 | ||
| Compton, CA | 62,000 | ||
| Rochester, NY | 54,000 | ||
| Medley, FL | 53,500 | ||
| Edinburg, TX | 48,000 | ||
| Lemont, IL | 47,000 | ||
| Elk Grove Village, IL | 30,200 | ||
We consider our current office spaces and warehouse facilities adequate for our current level of operations. We have not had difficulty in obtaining sufficient office space and believe we can renew existing leases or relocate branches to new offices as leases expire.
