Sallie Mae 2012 Annual Report Download - page 27
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Item 2. Properties
The following table lists the principal facilities owned by us as of December 31, 2012:
Location Function Business Segment(s)
Approximate
Square Feet
Fishers, IN ......... Loan Servicing and Data Center Consumer Lending; Business Services; FFELP Loans 450,000
Newark, DE ........ Headquarters Consumer Lending; Business Services; FFELP Loans; Other 160,000
Wilkes-Barre, PA . . . Loan Servicing Center Consumer Lending; Business Services; FFELP Loans 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 ......... Pioneer Credit Recovery —
Collections Center Business Services 45,000
(1) In 2005, we entered into a ten-year lease with the Wyoming County Industrial Development Authority. This property reverts back
to us in March 2015.
The following table lists the principal facilities leased by us as of December 31, 2012:
Location Function Business Segment(s)
Approximate
Square Feet
Reston, VA ........ Administrative Offices Consumer Lending; Business Services; FFELP Loans; Other 90,000
Newark, DE ....... Sallie Mae —Operations Center Consumer Lending; Business Services; Other 86,000
Niles, IL(1) ......... N/A N/A 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
Kansas City, MO . . . Upromise Business Services 21,000
Whitewater, WI(2) . . . N/A N/A 16,000
Salt Lake City, UT . . Sallie Mae Bank Consumer Lending 11,000
(1) Space vacated in 2011. Lease expires July 2013.
(2) Space vacated in 2010 and space is partially subleased. Lease expires June 2014.
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 owned space at
300 Continental Drive, Newark, Delaware, 19713.
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