Item 2. Properties
Item 2. Properties
The following table summarizes information regarding our significant leased and owned properties, as of December 31, 2020:
Location Purpose Segment Square
Footage Ownership Lease Term
End
U.S.
North Billerica,
Massachusetts
Corporate Headquarters, Manufacturing, Laboratory, Mixed Use and Other Office Space U.S. Segment 431,000 Owned N/A
New York, New York Progenics Headquarters, Office Space U.S. Segment 26,000 Leased September 2030
Somerset, New Jersey Manufacturing, Mixed Use and Office Space U.S. Segment 11,400 Leased November 2028
Canada
Quebec Mixed Use and Office Space International
Segment 1,106 Leased April 2021
Quebec Distribution Center and Office Space International
Segment 1,433 Leased May 2022
Puerto Rico
San Juan Manufacturing, Laboratory, Mixed Use and Office Space International Segment 9,550 Leased October 2024
Sweden
Lund Office Space International
Segment 4,000 Leased December 2021
We believe all of these facilities are well-maintained and suitable for the office, radiopharmacy, manufacturing or warehouse operations conducted in them and provide adequate capacity for current and foreseeable future needs.
On November 30, 2020, we entered into an agreement to sell our Puerto Rico radiopharmacy and PET manufacturing facility (“PMF”) to PharmaLogic, one of our existing radiopharmacy customers. The transaction closed on January 29, 2021.
Item 3. Legal Proceedings
Information with respect to certain legal proceedings is included in Note 19, “Commitments and Contingencies”, to the consolidated financial statements contained in Item 8. Financial Statements and Supplementary Data, and is incorporated herein by reference.
Item 4. Mine Safety Disclosures
Not applicable
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Table of Contents
PART II
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.