Item 2. Properties
Item 2. Properties.
Our principal executive offices are located at 8201 Peters Road, Suite 1000, Plantation, FL 33324 and our telephone number is (954) 255-4000. We have no long-term lease commitment. We lease several distribution center facilities:
● Shepherdsville, Kentucky — A 672,087 square foot facility (including 30,000 square feet of cold storage) leased for $4.48 per square foot through November 30, 2024. We have the right to extend for two additional terms of five years each at fair market rent.
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● Shakopee, Minnesota — A 162,753 square foot facility leased for $4.43 per square foot with 2% annual escalations through May 31, 2024.
● Shakopee, Minnesota — A 29,688 square foot facility leased for $5.53 per square foot through September 30, 2025.
We also maintain marketing and sales offices in nine cities throughout the United States.
We believe our facilities are adequate and suitable for our current business needs and expect to continue to reduce reliance on fixed office space in the future.
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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.