Item 2. Properties
Item 2. Properties
We lease two manufacturing facilities in Alpine, Utah and Grantsville,
Utah, which manufacture and distribute Purple ® products. These factories have a total of 667,000 square-feet
(15 acres under roof), including approximately 574,000 square-feet at our Grantsville, Utah facility and approximately 93,000 square-feet
at our Alpine, Utah facility (which comprises two buildings). In July 2020, we established plans to open a manufacturing plant
in McDonough, Georgia, by leasing 520,000 square feet of space that will significantly expand our domestic manufacturing capacity
over time. Our first manufacturing plant outside of Utah, this new location will serve our customers on the east coast more efficiently.
We began operations in the new location on March 3, 2021 and for the remainder of 2021 will ramp up to planned capacity of four
Mattress Max machines. We also lease approximately 58,000 square-feet of office space in Lehi, Utah for our corporate headquarters.
In addition to the properties described, we have other facilities and showrooms in the U.S. all of which are under lease.
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