Garmin AT Inc. leases approximately 15 acres of land in Salem, Ore. under a ground lease. The company operates as a subsidiary of Garmin International Inc., which leases around 148,320 square feet of land at New Century Airport in Gardner, Kan., under a ground lease, which expires in 2026. Garmin International, Inc. owns and occupies a 47,254-square-foot aircraft hangar, flight test and certification facility on this land, which is used in development and certification of aviation products.
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