Item 2. Properties
ITEM 2. Properties.
Facilities
As of December 26, 2020, we had 16 warehouse and office facilities located throughout the United States, Canada, China, Taiwan and India. Two 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
Warsaw, KY
Warehouse and office
710,500
sq. ft.
Owned
Colmar, PA
Corporate Headquarters
Warehouse and office
342,000
sq. ft.
Leased
(1)
Lewisberry, PA
Warehouse and office
170,500
sq. ft.
Leased
(2)
Louisiana, MO
Warehouse and office
90,000
sq. ft.
Owned
Reno, NV
Office
54,354
sq. ft.
Leased
Sanford, NC
Warehouse and office
52,000
sq. ft.
Leased
Virginia Beach, VA
Warehouse and office
20,000
sq. ft.
Leased
Shanghai, China
Office
16,000
sq. ft.
Leased
Springfield, MO
Warehouse and office
10,000
sq. ft.
Leased
Magnolia, TX
Warehouse and office
9,600
sq. ft.
Leased
(1)
We lease the Colmar facility from a partnership of which our Executive Chairman, Steven L. Berman, and certain of his family members are owners. Under this lease agreement, we paid rent of $ 4.70 per square foot ($ 1.6 million per year) in fiscal 2020 . The rent payment will be adjusted on January 1 of each year to reflect annual changes in the Consumer Price Index for All Urban Consumers - U.S. City Average, All Items. This lease was renewed during November 2016, effective as of January 1, 2018 , and will expire on December 31, 2022 .
(2)
We lease one of our two Lewisberry facilities (consisting of approximately 142,500 square feet) from a limited liability company of which our Executive Chairman, Steven L. Berman, and certain of his family members are owners. Under this lease agreement, we pay rent of $4.55 per square foot ($0.6 million per year). 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. For fiscal 2020, we paid rent of $0.2 million under this lease.
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