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Real Estate Assets and Construction in Progress (Tables)
6 Months Ended
Jun. 30, 2018
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 June 30, 2018 and December 31, 2017 (in thousands):

 

As of June 30, 2018 (unaudited):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

Buildings,

    

 

 

    

 

 

 

 

 

 

 

Improvements

 

Construction

 

 

 

Property Location

 

Land

 

and Equipment

 

in Progress

 

Total Cost

Atlanta, Georgia (Atlanta-Metro)

 

$

20,416

 

$

463,246

 

$

30,336

 

$

513,998

Irving, Texas

 

 

8,606

 

 

325,474

 

 

94,348

 

 

428,428

Richmond, Virginia

 

 

2,180

 

 

253,122

 

 

65,797

 

 

321,099

Chicago, Illinois

 

 

9,400

 

 

98,366

 

 

134,579

 

 

242,345

Suwanee, Georgia (Atlanta-Suwanee)

 

 

3,521

 

 

168,813

 

 

3,834

 

 

176,168

Ashburn, Virginia (1)

 

 

17,326

 

 

57,822

 

 

122,651

 

 

197,799

Piscataway, New Jersey

 

 

7,466

 

 

84,745

 

 

39,411

 

 

131,622

Santa Clara, California (2)

 

 

 —

 

 

97,610

 

 

7,112

 

 

104,722

Dulles, Virginia

 

 

3,154

 

 

76,521

 

 

4,143

 

 

83,818

Sacramento, California

 

 

1,481

 

 

64,476

 

 

77

 

 

66,034

Leased Facilities (3)

 

 

 —

 

 

56,372

 

 

8,478

 

 

64,850

Fort Worth, Texas

 

 

9,078

 

 

18,394

 

 

36,094

 

 

63,566

Princeton, New Jersey

 

 

20,700

 

 

33,367

 

 

428

 

 

54,495

Phoenix, Arizona (1)

 

 

 —

 

 

 —

 

 

28,691

 

 

28,691

Hillsboro, Oregon (1)

 

 

 —

 

 

 —

 

 

34,420

 

 

34,420

Manassas, Virginia (1)

 

 

 —

 

 

 —

 

 

39,151

 

 

39,151

Other (4)

 

 

2,213

 

 

35,542

 

 

216

 

 

37,971

 

 

$

105,541

 

$

1,833,870

 

$

649,766

 

$

2,589,177


(1)

Represent land purchases. Land acquisition costs, as well as subsequent development costs, are included within construction in progress until development on the land has ended and the asset is ready for its intended use.

(2)

Owned facility subject to long-term ground sublease.

(3)

Includes 11 facilities. All facilities are leased, including those subject to capital leases.

(4)

Consists of Miami, FL; Lenexa, KS; and Overland Park, KS facilities.

 

As of December 31, 2017:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

Buildings,

    

 

 

    

 

 

 

 

 

 

 

Improvements

 

Construction

 

 

 

Property Location

 

Land

 

and Equipment

 

in Progress

 

Total Cost

Atlanta, Georgia (Atlanta-Metro)

 

$

20,416

 

$

452,836

 

$

28,614

 

$

501,866

Irving, Texas

 

 

8,606

 

 

276,894

 

 

86,320

 

 

371,820

Richmond, Virginia

 

 

2,180

 

 

254,603

 

 

61,888

 

 

318,671

Chicago, Illinois

 

 

9,400

 

 

81,463

 

 

135,479

 

 

226,342

Suwanee, Georgia (Atlanta-Suwanee)

 

 

3,521

 

 

165,915

 

 

3,620

 

 

173,056

Ashburn, Virginia (1)

 

 

 —

 

 

 —

 

 

106,952

 

 

106,952

Piscataway, New Jersey

 

 

7,466

 

 

83,251

 

 

37,807

 

 

128,524

Santa Clara, California (2)

 

 

 —

 

 

100,028

 

 

6,989

 

 

107,017

Dulles, Virginia

 

 

3,154

 

 

76,239

 

 

3,565

 

 

82,958

Sacramento, California

 

 

1,481

 

 

64,251

 

 

58

 

 

65,790

Leased Facilities (3)

 

 

 —

 

 

59,460

 

 

5,534

 

 

64,994

Fort Worth, Texas

 

 

9,079

 

 

17,894

 

 

33,774

 

 

60,747

Princeton, New Jersey

 

 

20,700

 

 

32,948

 

 

451

 

 

54,099

Phoenix, Arizona (1)

 

 

 —

 

 

 —

 

 

27,402

 

 

27,402

Hillsboro, Oregon (1)

 

 

 —

 

 

 —

 

 

29,278

 

 

29,278

Other (4)

 

 

2,213

 

 

35,505

 

 

88

 

 

37,806

 

 

$

88,216

 

$

1,701,287

 

$

567,819

 

$

2,357,322


(1)

Represent land purchases. Land acquisition costs, as well as subsequent development costs, are included within construction in progress until development on the land has ended and the asset is ready for its intended use.

(2)

Owned facility subject to long-term ground sublease.

(3)

Includes 11 facilities. All facilities are leased, including those subject to capital leases.

Consists of Miami, FL; Lenexa, KS; Overland Park, KS; and Duluth, GA facilities.