Item 2. Properties
Item 2. Properties
We lease a manufacturing facility in McDonough, Georgia with approximately
844,000 square feet. In January 2025, we leased an approximately 198,000 square foot distribution and fulfillment facility in West Valley
City, Utah, that opened in April 2025. We also lease a building with approximately 61,000 square feet in Draper, Utah that serves as our
innovation center and approximately 30,000 square-feet of office space in Lehi, Utah for our corporate headquarters. The Restructuring
Plan included the permanent closure of two Utah manufacturing facilities to consolidate mattress production in our Georgia plant. The
closure of the manufacturing facilities in Grantsville, Utah with 574,000 square feet and Salt Lake City, Utah with 67,000 square feet
was completed in the second quarter 2025. We are currently subleasing the space in those building to other tenants. As of December 31,
2025, we had 55 Purple showrooms under lease with 11 located in California, six in Texas, four in Utah and 34 located in 22 other states
throughout the United States.
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