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Real Estate Assets and Construction in Progress
9 Months Ended
Sep. 30, 2018
Real Estate Assets and Construction in Progress [Abstract]  
Real Estate Assets and Construction in Progress

4. Real Estate Assets and Construction in Progress 

 

The following is a summary of properties owned or leased by the Company as of September 30, 2018 and December 31, 2017 (in thousands):

 

As of September 30, 2018 (unaudited):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

Buildings,

    

 

 

    

 

 

 

 

 

 

 

Improvements

 

Construction

 

 

 

Property Location

 

Land

 

and Equipment

 

in Progress

 

Total Cost

Atlanta, Georgia (Atlanta-Metro)

 

$

20,416

 

$

492,825

 

$

9,702

 

$

522,943

Irving, Texas

 

 

8,606

 

 

326,900

 

 

109,431

 

 

444,937

Richmond, Virginia

 

 

2,180

 

 

252,549

 

 

67,021

 

 

321,750

Chicago, Illinois

 

 

9,400

 

 

114,981

 

 

138,140

 

 

262,521

Suwanee, Georgia (Atlanta-Suwanee)

 

 

3,521

 

 

163,828

 

 

4,586

 

 

171,935

Ashburn, Virginia (1)

 

 

17,326

 

 

63,197

 

 

163,296

 

 

243,819

Piscataway, New Jersey

 

 

7,466

 

 

92,052

 

 

36,470

 

 

135,988

Santa Clara, California (2)

 

 

 —

 

 

98,089

 

 

7,583

 

 

105,672

Dulles, Virginia

 

 

3,154

 

 

71,893

 

 

4,145

 

 

79,192

Sacramento, California

 

 

1,481

 

 

64,772

 

 

110

 

 

66,363

Leased Facilities (3)

 

 

 —

 

 

52,505

 

 

8,965

 

 

61,470

Fort Worth, Texas

 

 

9,078

 

 

18,437

 

 

38,909

 

 

66,424

Princeton, New Jersey

 

 

20,700

 

 

33,776

 

 

478

 

 

54,954

Phoenix, Arizona (1)

 

 

 —

 

 

 —

 

 

29,162

 

 

29,162

Hillsboro, Oregon (1)

 

 

 —

 

 

 —

 

 

35,867

 

 

35,867

Manassas, Virginia (1)

 

 

 —

 

 

 —

 

 

77,529

 

 

77,529

Other (4)

 

 

2,213

 

 

35,586

 

 

266

 

 

38,065

 

 

$

105,541

 

$

1,881,390

 

$

731,660

 

$

2,718,591


(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.

(4)

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