Item 2. Properties
Item 2. Properties
The table below describes our principal facilities as of December 31, 2020:
Location
Principal Business Activity
Approximate
Square Feet
Owned or expiration
date of lease
Ramsey, NJ
Corporate Headquarters
4,200
September 30, 2021 *
Boca Raton, FL
Manufacturing and Administration
84,462
Owned
Boca Raton, FL
Laboratory and Administration
44,495
Owned
Kennesaw, GA
Plasma Collection Center
12,167
March 31, 2026
Roswell, GA
Administration
6,040
November 30, 2023
Knoxville, TN
Plasma Collection Center
11,657
November 30, 2030
Maryville, TN
Plasma Collection Center
10,800
January 31, 2031
Goose Creek, SC
Plasma Collection Center
14,968
March 31, 2031
Conyers, GA
Plasma Collection Center
11,996
February 28, 2032
* - Pursuant to a shared services agreement with Areth, LLC (“Areth”) for office, warehouse space and related services. The agreement provides for automatic one-year renewals unless ADMA gives written notice of termination to Areth 60 days prior to the end of the term. Areth is a company controlled by Dr. Jerrold B. Grossman, our Vice Chairman of the Board of Directors, and Adam S. Grossman, our President and Chief Executive Officer.
We believe that our leased and owned properties are adequate to meet our current and future needs.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.