Item 2. Properties
ITEM 2.
PROPERTIES
Janel’s executive offices are located in approximately 3,300 square feet of leased space in New York, New York. The lease term ends September 1, 2025.
As of September 30, 2024, Logistics leased 6,900 square feet of office space in Garden City, New York. This location serves as the executive offices of the Logistics segment. The lease term
ends August 31, 2030.
As of September 30, 2024, Logistics leased twenty-six additional office spaces, some of which are on a month-to-month basis, in seventeen states located in the United States. Lease terms for
these locations expire at various dates through August 31, 2030.
As of September 30, 2024, Indco owned an approximately 12,600 square-foot manufacturing facility on a 1.2-acre parcel of land in New Albany, Indiana.
As of September 30, 2024, Life Sciences owned an approximately 25,000 square-foot manufacturing facility on a 40-acre parcel of land in Davis, California. The Life Sciences segment also leases
three other offices in the United States. Lease terms for these locations expire at various dates through February 28, 2034.
The Company believes that its owned and leased properties are adequate to meet its occupancy needs in the foreseeable future.
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