Item 2. Properties
ITEM 2. Properties.
Facilities
As of December 31, 2024, we had 38 warehouse and office facilities located throughout the United States, Canada, China, Taiwan, and India. Five of these facilities are owned and the remainder are leased. Our principal facilities are as follows:
Location Description Size Ownership
Portland, TN Warehouse and office 997,310 sq. ft. Leased
Whiteland, IN Warehouse and office 827,180 sq. ft. Leased
Warsaw, KY Warehouse and office 710,500 sq. ft. Owned
Shepherdsville, KY Warehouse 436,716 sq. ft. Leased
Colmar, PA Corporate headquarters
Warehouse and office 342,000 sq. ft. Leased
Madison, IN Warehouse and office 333,000 sq. ft. Leased (1)
Shiremanstown, PA Warehouse and office 318,872 sq. ft. Leased
Durant, OK Warehouse and office 208,000 sq. ft. Owned
Lewisberry, PA Warehouse and office 170,500 sq. ft. Leased (2)
Madison, IN Warehouse 145,000 sq. ft. Leased (1)
Las Vegas, NV Warehouse and office 122,071 sq. ft. Leased
Jiangsu Province, China Warehouse and office 105,911 sq. ft. Leased
Harrisburg, PA Warehouse and office 101,750 sq. ft. Leased
Harrisburg, PA Manufacturing Facility 101,132 sq. ft. Owned
Lewisville, TX Warehouse and office 101,029 sq. ft. Leased
Virginia Beach, VA Warehouse and office 101,000 sq. ft. Leased
Warsaw, KY Warehouse 80,000 sq. ft. Leased
Shreveport, LA Warehouse and office 65,000 sq. ft. Leased (1)
Reno, NV Warehouse and office 54,354 sq. ft. Leased
Kankakee, IL Manufacturing Facility 53,574 sq. ft. Owned
(1) We lease two facilities in Madison and one facility in Shreveport (consisting of an aggregate of approximately 543,000 square feet) from limited liability companies in which Ms. Lindsay Hunt, our President, Specialty Vehicles, and members of her family are owners. Under the three lease agreements, we paid an aggregate rent of $2.8 million in 2024. The rent payable under each lease will increase by 2% on October 4 th of each year. Each of the three leases commenced in October 2022 in connection with the SuperATV acquisition and will expire on October 4, 2027.
(2) We lease one of our two Lewisberry facilities (consisting of approximately 142,500 square feet) from a limited liability company of which our Non-Executive Chairman, Steven L. Berman, and certain of his family members are owners. Under this lease agreement, we paid rent of $0.7 million in 2024. The rent payable will be increased by 3% on July 1 st of each year. This lease commenced in September 2020 and will expire on December 31, 2027.
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.