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Real Estate Assets and Construction in Progress (Tables)
12 Months Ended
Dec. 31, 2015
Real Estate Assets and Construction in Progress [Abstract]  
Summary of Properties Owned or Leased by the Company

The following is a summary of properties owned or leased by the Company as of December 31, 2015 and 2014 (in thousands):

As of December 31, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Property Location

 

 

Land

 

 

Buildings and Improvements

 

 

Construction in Progress

 

 

Total Cost

 

 

 

 

 

 

 

 

 

 

 

 

 

Owned Properties

 

 

 

 

 

 

 

 

 

 

 

 

    Suwanee, Georgia (Atlanta-Suwanee)

 

$

3,521 

 

$

150,028 

 

$

15,330 

 

$

168,879 

    Atlanta, Georgia (Atlanta-Metro)

 

 

15,397 

 

 

406,190 

 

 

41,835 

 

 

463,422 

    Santa Clara, California*

 

 

 -

 

 

94,437 

 

 

1,379 

 

 

95,816 

    Richmond, Virginia

 

 

2,180 

 

 

208,654 

 

 

85,771 

 

 

296,605 

    Sacramento, California

 

 

1,481 

 

 

61,462 

 

 

73 

 

 

63,016 

    Princeton, New Jersey

 

 

20,700 

 

 

32,708 

 

 

422 

 

 

53,830 

    Dallas-Fort Worth, Texas

 

 

8,590 

 

 

71,783 

 

 

120,331 

 

 

200,704 

    Chicago, Illinois

 

 

 -

 

 

 -

 

 

70,749 

 

 

70,749 

    Miami, Florida

 

 

1,777 

 

 

30,554 

 

 

144 

 

 

32,475 

    Lenexa, Kansas

 

 

437 

 

 

3,511 

 

 

 -

 

 

3,948 

    Duluth, Georgia Office Building

 

 

1,899 

 

 

1,920 

 

 

 -

 

 

3,819 

 

 

 

55,982 

 

 

1,061,247 

 

 

336,034 

 

 

1,453,263 

 

 

 

 

 

 

 

 

 

 

 

 

 

Leased Properties

 

 

 

 

 

 

 

 

 

 

 

 

    Leased facilities acquired in 2015 ***

 

 

1,130 

 

 

89,989 

 

 

7,196 

 

 

98,315 

    Jersey City, New Jersey

 

 

 -

 

 

28,228 

 

 

2,421 

 

 

30,649 

    Overland Park, Kansas

 

 

 -

 

 

922 

**

 

 

 

926 

 

 

 

1,130 

 

 

119,139 

 

 

9,621 

 

 

129,890 

 

 

$

57,112 

 

$

1,180,386 

 

$

345,655 

 

$

1,583,153 


*      Owned facility subject to long-term ground sublease.

**  This does not include the portion of the business that is used for QTS office space or other real estate not used by customers.

*** Includes 13 facilities.  All facilities are leased, including those subject to capital leases.




As of December 31, 2014:

 

 

 

 

 

 

 

 

 

 

 

 

 

Property Location

 

 

Land

 

 

Buildings and Improvements

 

 

Construction in Progress

 

 

Total Cost

 

 

 

 

 

 

 

 

 

 

 

 

 

Owned Properties

 

 

 

 

 

 

 

 

 

 

 

 

    Suwanee, Georgia (Atlanta-Suwanee)

 

$

3,521 

 

$

138,991 

 

$

6,345 

 

$

148,857 

    Atlanta, Georgia (Atlanta-Metro)

 

 

15,397 

 

 

356,122 

 

 

22,693 

 

 

394,212 

    Santa Clara, California*

 

 

 -

 

 

90,332 

 

 

650 

 

 

90,982 

    Richmond, Virginia

 

 

2,180 

 

 

127,080 

 

 

71,794 

 

 

201,054 

    Sacramento, California

 

 

1,481 

 

 

60,094 

 

 

278 

 

 

61,853 

    Princeton, New Jersey

 

 

17,976 

 

 

35,951 

 

 

90 

 

 

54,017 

    Dallas-Fort Worth, Texas

 

 

5,808 

 

 

44,053 

 

 

89,982 

 

 

139,843 

    Chicago, Illinois

 

 

 -

 

 

 -

 

 

21,786 

 

 

21,786 

    Miami, Florida

 

 

1,777 

 

 

28,786 

 

 

129 

 

 

30,692 

    Lenexa, Kansas

 

 

437 

 

 

3,298 

 

 

25 

 

 

3,760 

    Wichita, Kansas

 

 

 -

 

 

1,409 

 

 

 -

 

 

1,409 

 

 

 

48,577 

 

 

886,116 

 

 

213,772 

 

 

1,148,465 

 

 

 

 

 

 

 

 

 

 

 

 

 

Leased Properties

 

 

 

 

 

 

 

 

 

 

 

 

    Jersey City, New Jersey

 

 

 -

 

 

27,318 

 

 

920 

 

 

28,238 

    Overland Park, Kansas

 

 

 -

 

 

852 

**

 

27 

 

 

879 

 

 

 

 -

 

 

28,170 

 

 

947 

 

 

29,117 

 

 

$

48,577 

 

$

914,286 

 

$

214,719 

 

$

1,177,582 


*   Owned facility subject to long-term ground sublease
** This does not include the portion of the business that is used for QTS office space or other real estate not used by customers.