Item 2. Properties
Item 2. Properties
We lease three manufacturing
facilities in Grantsville, Utah, Salt Lake City, Utah and McDonough, Georgia. These factories total 1.5 million square feet (35 acres
under roof), including approximately 574,000 square-feet at our Grantsville facility, 844,000 square feet at our McDonough facility and
67,000 square feet at our Salt Lake City facility. We believe our McDonough location, our first manufacturing plant outside of Utah, serves
our customers on the east coast more efficiently than from our Utah locations. Our facility in Salt Lake City was acquired in the Intellibed
acquisition in August 2022. We also lease a building with approximately 61,000 square feet in Draper, Utah that serves as our innovation
center. In addition, we lease approximately 30,000 square-feet of office space in Lehi, Utah for our corporate headquarters. As of December
31, 2023, we had 60 Purple showrooms under lease with 10 located in California, five in Texas, five in Utah and 37 located in 23 other
states throughout the United States.
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