Item 2. Properties
ITEM 2 PROPERTIES
The Company leases 3,947 square feet of corporate office space in Shelton, Connecticut. The current lease expires on March 31, 2033.
All the Company’s properties are owned or leased and are adequate to satisfy current requirements. All the Company’s properties have the necessary flexibility to cover any long-term expansion requirements.
Company facilities include the following:
Big 3 Products in Centralia, Illinois owns 156,160 square feet of administrative and manufacturing space located in an industrial park.
Big 3 Products in Centralia, Illinois owns 9,609 square feet of administrative and manufacturing space located in an industrial park.
Big 3 Products in Sterling Heights, Michigan leases 24,400 square feet of administrative and manufacturing space.
Big 3 Products in Chesterfield, Michigan leases 45,000 square feet for a design and manufacturing facility. The current lease expires on February 28, 2026. The Company intends to renew the lease.
Big 3 Mold owns 54,450 square feet of building space in Millville, New Jersey. The building is industrial block.
Hallink Moulds, a wholly owned subsidiary in Cambridge, Ontario, leases 15,000 square feet of building space. The current lease expires on February 1, 2026, with the option to renew for an additional twenty-four months.
Eberhard Manufacturing in Strongsville, Ohio owns 9.6 acres of land and a building containing 157,580 square feet, located in an industrial park.
Eberhard Manufacturing leases 8,551 square feet of office space in Arlington Heights, IL. The current lease expires on September 1, 2026.
Eastern Industrial Ltd., a wholly owned subsidiary in Shanghai, China, leases approximately 47,500 square feet of space in both industrial and commercial areas. In 2025, Eastern Industrial, Ltd. renewed the lease for a three-year term, which expires on March 31, 2028
The World Lock Co. Ltd. Subsidiary leases 5,285 square feet of space in a building located in Taipei, Taiwan. The current lease expires on October 28, 2026.
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The Dongguan Reeworld Security Products Ltd. Subsidiary leases 103,800 square feet of space in concrete buildings that are in an industrial park in Dongguan, China. The current lease expires on May 31, 2027, and is renewable.
Velvac, Inc., a wholly owned subsidiary in New Berlin, Wisconsin, leases a 98,000 square foot building. The building includes 17,000 square feet of office space and 81,000 square feet of warehousing and distribution operations. The current lease expires on May 31, 2029.
Velvac, Inc. leases 100,000 square feet of warehouse space in Pharr, TX. The current lease expires on March 31, 2030.
Velvac de Reynosa, S. De R.L De C.V., a maquiladora wholly owned in Reynosa, Tamaulipas, Mexico, leases 225,000 square feet of building space located in an industrial park identified as Lots 2, 3 and 4. The current lease expires on April 15, 2033.
All owned properties are free and clear of any material encumbrances.