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Real Estate Assets and Construction in Progress (Tables)
12 Months Ended
Dec. 31, 2016
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, 2016 and 2015 (in thousands):

 

As of December 31, 2016: 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Property Location

    

Land

    

Buildings and Improvements

    

Construction 
in Progress

    

Total Cost

 

 

 

 

 

 

 

 

 

 

 

 

 

Owned Properties

 

 

 

 

 

 

 

 

 

 

 

 

Suwanee, Georgia (Atlanta-Suwanee)

 

$

3,521

 

$

171,376

 

$

2,013

 

$

176,910

Atlanta, Georgia (Atlanta-Metro)

 

 

15,397

 

 

434,965

 

 

32,422

 

 

482,784

Santa Clara, California*

 

 

 —

 

 

98,708

 

 

7,078

 

 

105,786

Richmond, Virginia

 

 

2,180

 

 

237,347

 

 

70,580

 

 

310,107

Sacramento, California

 

 

1,481

 

 

62,102

 

 

390

 

 

63,973

Princeton, New Jersey

 

 

20,700

 

 

32,788

 

 

538

 

 

54,026

Irving, Texas

 

 

8,606

 

 

204,713

 

 

69,653

 

 

282,972

Chicago, Illinois

 

 

9,400

 

 

45,848

 

 

100,623

 

 

155,871

Piscataway, New Jersey

 

 

7,466

 

 

82,210

 

 

17,261

 

 

106,937

Fort Worth, Texas

 

 

136

 

 

610

 

 

49,116

 

 

49,862

Miami, Florida

 

 

1,777

 

 

31,170

 

 

83

 

 

33,030

Lenexa, Kansas

 

 

437

 

 

3,760

 

 

 —

 

 

4,197

Duluth, Georgia Office Building

 

 

1,899

 

 

1,918

 

 

5,672

 

 

9,489

 

 

 

73,000

 

 

1,407,515

 

 

355,429

 

 

1,835,944

 

 

 

 

 

 

 

 

 

 

 

 

 

Leased Properties

 

 

 

 

 

 

 

 

 

 

 

 

Leased facilities acquired in 2015 ***

 

 

1,130

 

 

92,567

 

 

7,671

 

 

101,368

Jersey City, New Jersey

 

 

 —

 

 

23,723

 

 

2,332

 

 

26,055

Overland Park, Kansas

 

 

 —

 

 

962

**  

 

528

 

 

1,490

 

 

 

1,130

 

 

117,252

 

 

10,531

 

 

128,913

 

 

$

74,130

 

$

1,524,767

 

$

365,960

 

$

1,964,857

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

 

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

Irving, 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

**

 

4

 

 

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.