Aarons 2012 Annual Report Download - page 31

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21
ITEM 2. PROPERTIES
We lease space for most of our store and warehouse operations under operating leases expiring at various times through
2028. Most of the leases contain renewal options for additional periods ranging from one to 20 years at rental rates
generally adjusted on the basis of the consumer price index or other factors.
The following table sets forth certain information regarding our furniture manufacturing plants, bedding facilities, and
fulfillment centers:
LOCATION
SEGMENT, PRIMARY USE AND HOW HELD
SQUARE FT.
Cairo, Georgia
Manufacturing - Furniture Manufacturing – Owned
300,000
Cairo, Georgia
Manufacturing - Furniture Manufacturing – Owned
147,000
Cairo, Georgia
Warehouse - Furniture Parts – Leased
111,000
Coolidge, Georgia
Manufacturing - Furniture Manufacturing – Owned
81,000
Coolidge, Georgia
Manufacturing - Furniture Manufacturing – Owned
48,000
Coolidge, Georgia
Manufacturing - Furniture Manufacturing – Owned
41,000
Coolidge, Georgia
Manufacturing - Administration and Showroom – Owned
10,000
Lewisburg, Pennsylvania
Manufacturing - Bedding Manufacturing – Leased
25,000
Fairburn, Georgia
Manufacturing - Bedding Manufacturing – Leased
52,000
Sugarland, Texas
Manufacturing - Bedding Manufacturing – Owned
20,000
Orlando, Florida
Manufacturing - Bedding Manufacturing – Leased
16,000
Kansas City, Kansas
Manufacturing - Bedding Manufacturing – Leased
13,000
Phoenix, Arizona
Manufacturing - Bedding Manufacturing – Leased
20,000
Plainfield, Indiana
Manufacturing - Bedding Manufacturing – Leased
24,000
Buford, Georgia
Manufacturing - Bedding Manufacturing – Leased
32,000
Auburndale, Florida
Sales and Lease Ownership - Fulfillment Center – Leased
125,000
Belcamp, Maryland
Sales and Lease Ownership - Fulfillment Center – Leased
94,000
Obetz, Ohio
Sales and Lease Ownership - Fulfillment Center – Leased
85,000
Dallas, Texas
Sales and Lease Ownership - Fulfillment Center – Leased
130,000
Fairburn, Georgia
Sales and Lease Ownership - Fulfillment Center – Leased
132,000
Sugarland, Texas
Sales and Lease Ownership - Fulfillment Center – Owned
135,000
Huntersville, North Carolina
Sales and Lease Ownership - Fulfillment Center – Leased
214,000
LaVergne, Tennessee
Sales and Lease Ownership - Fulfillment Center – Leased
140,000
Oklahoma City, Oklahoma
Sales and Lease Ownership - Fulfillment Center – Leased
87,000
Phoenix, Arizona
Sales and Lease Ownership - Fulfillment Center – Leased
109,000
Magnolia, Mississippi
Sales and Lease Ownership - Fulfillment Center – Leased
125,000
Plainfield, Indiana
Sales and Lease Ownership - Fulfillment Center – Leased
90,000
Portland, Oregon
Sales and Lease Ownership - Fulfillment Center – Leased
98,000
Rancho Cucamonga, California
Sales and Lease Ownership - Fulfillment Center – Leased
92,000
Westfield, Massachusetts
Sales and Lease Ownership - Fulfillment Center – Leased
130,000
Kansas City, Kansas
Sales and Lease Ownership - Fulfillment Center – Leased
127,000
Cheswick, Pennsylvania1
Sales and Lease Ownership - Fulfillment Center – Leased
155,000
1 The Cheswick, Pennsylvania fulfillment center is not yet operational and is expected to be operational in
March of 2013.
Our executive and administrative offices occupy approximately 41,500 square feet in an 11-story, 87,000 square-foot
office building that we own in Atlanta, Georgia. We lease most of the remaining space to third parties under leases with
remaining terms averaging three years. We lease a two-story building with over 50,000 square feet in Kennesaw,
Georgia and a one-story building that includes over 33,000 square feet in Marietta, Georgia for additional administrative
functions. We believe that all of our facilities are well maintained and adequate for their current and reasonably
foreseeable uses.