Sallie Mae 2010 Annual Report Download - page 18

Item 2. Properties
The following table lists the principal facilities owned by us as of December 31, 2010:
Location Function Business Segment(s)
Approximate
Square Feet
Fishers, IN ........ Loan Servicing and Data
Center
FFELP Loans; Consumer
Lending; Business Services 450,000
Newark, DE ....... Credit and Collections
Center
Consumer Lending; Business
Services 160,000
Wilkes-Barre, PA.... Loan Servicing Center FFELP Loans; Consumer
Lending; Business Services 133,000
Indianapolis, IN..... Loan Servicing Center Business Services 100,000
Big Flats, NY ...... GRC—Collections Center Business Services 60,000
Arcade, NY
(1)
...... Pioneer Credit Recovery —
Collections Center Business Services 46,000
Perry, NY
(1)
....... Pioneer Credit Recovery —
Collections Center Business Services 45,000
Swansea, MA ...... AMSHeadquarters Business Services 36,000
(1) In the first quarter of 2003, we entered into a ten year lease with the Wyoming County Industrial Development Authority with a
right of reversion to us for the Arcade and Perry, New York facilities.
The following table lists the principal facilities leased by us as of December 31, 2010:
Location Function Business Segment(s)
Approximate
Square Feet
Reston, VA ........ Headquarters FFELP Loans; Consumer
Lending; Business Services;
Other 240,000
Reston, VA ........ Administrative Offices FFELP Loans; Consumer
Lending; Business Services;
Other 90,000
Newark, DE ....... Sallie Mae — Operations
Center
Consumer Lending; Business
Services; Other 86,000
Niles, IL .......... Collections Center Other 84,000
Newton, MA ....... Upromise Business Services 78,000
Cincinnati, OH ..... GRCHeadquarters and
Collections Center Business Services 59,000
Muncie, IN........ Collections Center Consumer Lending; Business
Services 54,000
Moorestown, NJ .... Pioneer Credit Recovery —
Collections Center Business Services 30,000
White Plains, NY
(1)
. . N/A N/A 26,000
Kansas City, MO .... Upromise and Campus
Payment Solutions Business Services 21,000
Whitewater, WI
(2)
. . . N/A N/A 16,000
Seattle, WA ........ NELA Business Services 10,000
(1) Space vacated in December 2009; we are actively searching for subtenants.
(2) Space vacated in September 2010; we are actively searching for subtenants or tenants.
None of the facilities that we own is encumbered by a mortgage. We believe that our headquarters, loan
servicing centers, data center, back-up facility and data management and collections centers are generally
adequate to meet our long-term student loan and business goals. Our headquarters are currently in leased space
at 12061 Bluemont Way, Reston, Virginia, 20190. We are relocating our headquarters to Newark, Delaware
from Reston, Virginia by March 31, 2011.
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