XML 49 R14.htm IDEA: XBRL DOCUMENT v2.4.0.8
SUBSEQUENT EVENT
12 Months Ended
Mar. 01, 2014
Subsequent Events [Abstract]  
SUBSEQUENT EVENT
NOTE 11 – SUBSEQUENT EVENT
 
Certain information about the properties of the Company that have been sold subsequent to March 1, 2014, including the net proceeds generated by the sold properties, net of brokerage commissions and sale costs, and are set forth below and the value recorded in the financial statements as of March 1, 2014 is consistent with the amount realized from these subsequent transactions:
 
Property Location
 
Type of Property
 
Building
Size
(square feet)
 
Net Proceeds
($  in millions)
 
Date of Sale
 
 
 
 
 
 
 
 
 
 
 
 
Berwyn, PA
 
Short term property
 
69,000
 
$
3.0
 
April, 2014
 
Secaucus, NJ (1)
 
Short term property
 
340,000
 
$
28.0
 
May, 2014
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
 
 
409,000
 
$
31.0
 
 
 
 
(1) On May 20, 2014, the Company closed on the sale of the Secaucus Lease to ASG. See Item 3, Legal Proceedings, for additional information.