TACTILE SYSTEMS TECHNOLOGY INC 10-K

Item 2. Properties. We currently lease approximately 113,000 square feet of office space for our new corporate headquarters in Minneapolis, Minnesota. The initial lease for this space of approximately 80,000 square feet commenced in September 2019 and had an initial expiration date in February 2030. Subsequently, we entered into amendments to our initial lease to include an additional approximately 70,000 square feet of office space and to extend the expiration date of the entire leased space to February 2031. Of the additional approximately 70,000 square feet of space, 33,000 square feet commenced in the second half of 2020 and the remaining approximately 37,000 square feet is expected to be occupied and commence in the second half of 2021. We also lease approximately 57,000 square feet of office, assembly and warehouse space at another facility in Minneapolis, Minnesota, that has an initial expiration date in February 2024. Subsequently, we amended this lease to include an additional approximately 12,000 square feet of space and to extend the expiration date of the entire leased space to March 2027. Of the additional approximately 12,000 square feet of space, 6,000 square feet commenced in 2020 and the remaining approximately 6,000 square feet is expected to be occupied and commence in 2021. 66 Table of Contents We believe that these facilities are adequate to meet our business requirements for the near term and that additional space will be available on commercially reasonable terms, if required. Item 3. Legal Proceedings. Information pertaining to certain legal proceedings in which we are involved can be found in Note 12 – “Commitments and Contingencies” to our consolidated financial statements included in Part II, Item 8 of this report and is incorporated herein by reference. Item 4. Mine Safety Disclosures. Not Applicable. ​ 67 Table of Contents PART II