Item 2. Properties
Item 2. Properties
 
Administration
Our corporate headquarters consists of an approximately 19,000 square feet building located in Maple Grove, Minnesota, a northwestern suburb of Minneapolis, Minnesota, and its lease expires January 2025.
 
Manufacturing facilities
Our manufacturing facilities are in good operating condition and we believe our overall production capacity is sufficient to handle our foreseeable manufacturing needs and customer requirements. The following are our manufacturing facilities as of December 31, 2022:
 
 
 
 
 
 
 
 
Manufacturing
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Space
 
 
Office Space
 
 
Total
 
Location
 
Own/Lease
 
Lease End Date
 
 
Square Feet
 
 
Square Feet
 
 
Square Feet
 
Bemidji, MN
 
Lease
 
August 31, 2035
 
 
 
56,000
 
 
 
13,000
 
 
 
69,000
 
Blue Earth, MN
 
Own
 
 
 
 
 
92,000
 
 
 
48,000
 
 
 
140,000
 
Milaca, MN
 
Lease
 
June 30, 2025
 
 
 
15,000
 
 
 
5,000
 
 
 
20,000
 
Mankato, MN
 
Lease
 
August 31, 2035
 
 
 
43,000
 
 
 
15,000
 
 
 
58,000
 
Monterrey, Mexico
 
Lease
 
January 24, 2029
 
 
 
76,000
 
 
 
1,000
 
 
 
77,000
 
Suzhou, China
 
Lease
 
February 28, 2024
 
 
 
27,000
 
 
 
3,000
 
 
 
30,000
 
Suzhou, China
 
Lease
 
December 31, 2023
 
 
 
15,000
 
 
 
-
 
 
 
15,000
 
Suzhou, China
 
Lease
 
October 17, 2023
 
 
 
15,000
 
 
 
-
 
 
 
15,000
 
 
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.