Item 2. Properties
Item 2. Properties
We lease three manufacturing
facilities in Grantsville, Utah, Salt Lake City, Utah and McDonough, Georgia, which manufacture Purple products. These factories
have a total of 1.5 million square-feet (35 acres under roof), including approximately 574,000 square-feet at our Grantsville, Utah facility,
844,000 square feet at our McDonough, Georgia facility and 67,000 square feet at our Salt Lake City, Utah facility. We believe our Georgia
location, our first manufacturing plant outside of Utah, serves our customers on the east coast more efficiently. Our facility in Salt
Lake City was acquired in the Intellibed acquisition in August 2022. We also lease a building in Alpine, Utah that has previously served
as a production facility. The lease for this facility terminates in September 2023 and the production capabilities have been transferred
to our other manufacturing facilities in Grantsville and McDonough. The Alpine location currently serves as our temporary center for innovation.
We also lease approximately 58,000 square-feet of office space in Lehi, Utah for our corporate headquarters and approximately 61,000 square-feet
of space in Draper, Utah which we plan will become our permanent innovation center. We have 55 Purple owned retail showrooms under lease
with ten located in California, six in Texas, five in Utah and 34 located in 21 other states throughout the United States.
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