Washington Post 2015 Annual Report Download - page 49

May 2021). Kaplan, Inc. and KTP also separately lease 159,540 square feet in New York; however, the location
has been entirely subleased to two different parties through the remainder of the lease term
In addition, the KIC business maintains more than 50 leases in the U.S., comprising an aggregate of
approximately 1.7 million square feet of instructional and dormitory space.
Overseas, Dublin Business School’s facilities in Dublin, Ireland, are located in six buildings, aggregating
approximately 83,000 square feet of space, that are rented under leases expiring between 2016 and 2029. Kaplan
Publishing has an office and distribution warehouse in Wokingham, Berkshire, U.K., of 27,000 square feet, under
a lease expiring in 2016. Kaplan Financial’s largest leaseholds are office and instructional spaces in London,
U.K., of 33,000 square feet (expiring in 2033), 21,500 square feet (expiring in 2015) and 35,800 square feet
(comprising seven separate leases, expiring in 2015), and one new location of 50,200 square feet (comprising two
leases) obtained in January 2015 and expiring in 2030 to replace 61,750 square feet of space held under leases
that will expire in 2015; office and instructional space in Birmingham, U.K., of 23,600 square feet (expiring in
2017); office and instructional space in Manchester, U.K., of 26,900 square feet (comprising five separate leases,
expiring in 2022); office and instructional space in Wales, U.K., of 34,000 square feet (notice to terminate this
lease has been served, to expire in December 2016); office and instructional space in Singapore of 162,000
square feet (comprising five separate leases, expiring between 2016 and 2021); and office and instructional space
in Hong Kong of 30,850 square feet. Palace House in London, which was previously occupied by Kaplan Law
School, with 20,200 square feet of space in London, U.K. (comprising four separate leases, expiring in 2017), is
now primarily occupied by the KIC Pathways business. In addition, Kaplan has entered into two separate leases
in Glasgow, Scotland, for 58,000 square feet and 22,400 square feet, respectively, of dormitory space that was
constructed and opened to students in 2012. These leases will expire in 2032. In addition, Kaplan leases
approximately 143,000 square feet of dormitory space as the main tenant of a new student residential building in
Nottingham, U.K., that was completed in 2014. Kaplan has further entered into a lease agreement for a
residential college in Bournemouth, England, which comprises approximately 175,000 square feet. In Australia,
Carrick leases two locations in Melbourne, with an aggregate of approximately 87,623 square feet; one location
in Sydney, of 13,024 square feet; and one location in Brisbane, of 39,000 square feet. These leases expire at
various times, from 2016 through 2021. Bradford College, in Adelaide, Australia, leases three locations, with an
aggregate of 38,890 square feet. These leases expire in 2016 and 2020. All other Kaplan facilities in the U.S. and
overseas (including administrative offices and instructional locations) occupy leased premises that are for less
space than those listed above.
The offices of the Company’s broadcasting operations are located in leased space in Chicago, IL. The operations
of each of the Company’s television stations are owned by subsidiaries of the Company, as are the related tower
sites (except in Houston, Orlando and Jacksonville, where the tower sites are 50% owned).
Celtic’s headquarters office is located in leased space in Mars, PA. This lease expires in 2017. In addition to its
headquarters, Celtic leases 14 small office spaces in its various service territories: Carlisle, PA; Mechanicsburg,
PA; Williamsport, PA; Harrisburg, PA; Kingston, PA; Milford, PA; Stroudsburg, PA; Rockville, MD; Owings
Mills, MD; Shiloh, IL; Marion, IL; Mt. Carmel, IL; Mt. Vernon, IL; and Fenton, MO. Celtic also leases space for
a hospice inpatient unit in Wilkes-Barre, PA. Celtic also owns a total of five properties located in Carlinville, IL;
Centralia, IL; Murphysboro, IL; and Benton, IL.
Residential’s Michigan headquarters offices are located in leased space in Troy, MI. Residential also leases
office space in Grand Rapids, MI, and in Lansing, MI. In Illinois, Residential’s main office is located in
Downer’s Grove, IL.
Forney has 20,000 square feet of corporate office space in Addison, TX. That lease began in April 2014 and will
expire in 2024. Forney’s manufacturing facility is located in Monterrey, Mexico, in a building that contains
78,500 square feet of office and manufacturing space under a lease that will expire in 2020. Forney also leases
sales offices in Shanghai, Beijing and Singapore; the combined office space is less than 3,000 square feet, and the
leases are renewable annually.
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