Sallie Mae 2007 Annual Report Download - page 32

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Item 2. Properties
The following table lists the principal facilities owned by the Company:
Location Function
Approximate
Square Feet
Reston, VA ............. Headquarters 240,000
Fishers, IN .............. Loan Servicing and Data Center 450,000
Wilkes Barre, PA ......... Loan Servicing Center 133,000
Killeen, TX
(1)
........... Loan Servicing Center 133,000
Lynn Haven, FL .......... Loan Servicing Center 133,000
Indianapolis, IN .......... Loan Servicing Center 100,000
Marianna, FL
(2)
.......... Back-up/Disaster Recovery Facility for Loan Servicing 94,000
Big Flats, NY ............ Asset Performance Group and Collections Center 60,000
Gilbert, AZ ............. Southwest Student Services Headquarters 60,000
Arcade, NY
(3)
........... Asset Performance Group and Collections Center 46,000
Perry, NY
(3)
............. Asset Performance Group and Collections Center 45,000
Swansea, MA............ AMSHeadquarters 36,000
(1)
Excludes approximately 30,000 square feet Class B single story building on four acres, located across the street from the Loan
Servicing Center.
(2)
Facility listed for sale in October 2006. Vacated and no longer considered a disaster recovery site.
(3)
In the first quarter of 2003, the Company entered into a ten year lease with the Wyoming County Industrial Development
Authority with a right of reversion to the Company for the Arcade and Perry, New York facilities.
The following table lists the principal facilities leased by the Company as of December 31, 2007:
Location Function
Approximate
Square Feet
Niles, IL ............. AFSHeadquarters 84,000
Newton, MA.......... Upromise 78,000
Cincinnati, Ohio ....... GRCHeadquarters and Debt Management and Collections
Center
59,000
Muncie, IN ........... SLM—APG 54,000
Mt. Laurel, New Jersey . . SLM Financial Headquarters and Operations 42,000
Moorestown, NJ ....... Pioneer Credit Recovery 30,000
Novi, MI
(1)
........... Sallie Mae Home Loans 27,000
Braintree, MA......... Nellie Mae Headquarters 27,000
White Plains, NY ...... GRP 26,000
Gaithersburg, MD
(2)
.... Arrow Financial 24,000
Seattle, WA .......... NELA 22,000
Whitewater, WI ....... AFSOperations 16,000
Las Vegas, NV ........ Asset Performance Group and Collections Center 16,000
West Valley, NY ....... Pioneer Credit Recovery 14,000
Batavia, NY .......... Pioneer Credit Recovery 13,000
Perry, NY ............ Pioneer Credit Recovery 12,000
Gainesville, FL ........ SLMLSC 11,000
Cincinnati, OH ........ Student Loan Funding 9,000
Washington, D.C. ...... Government Relations 5,000
(1)
Space vacated in September 2007; the Company is actively searching for subtenants.
(2)
Space vacated in September 2006; the Company is actively searching for subtenants.
31