Item 2. Properties
Item 2.
Properties
Our principal office is located in Tampa, Florida. This office space is owned by our subsidiary, UTEK Real Estate, and is encumbered by a $4.1 million mortgage thereon. This property is utilized by all of
our product segments and is adequate for our current domestic office needs. If our office requirements increase beyond our current expectations, we believe that additional office space may be available for use at this location.
We also lease office space in Illinois, Washington D.C., California and the United Kingdom. The Illinois property is utilized by our
Strategic Services segment and the Washington D.C., California and United Kingdom properties are utilized by our Technology Services segment. These properties are adequate for our current needs.
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