The Company (Tables)

9 Months Ended

Nov. 29, 2014

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Certain information about the properties of the Company that have been sold as of November 29, 2014, including the net proceeds generated by the sold properties, net of brokerage commissions and sales costs, are set forth below:

Property Location	Type of Property	Building Size (estimated square feet)		Net Proceeds ($ in millions)		Date of Sale

Miami, FL	Short term property		53,000	$	4.1	September, 2012
Houston, TX	Short term property		42,000		3.6	November, 2012
Fairfield, CT	Short term property		43,000		5.5	December, 2012
Secaucus, NJ (Condo)	Short term property		2,000		0.3	January, 2013
Southfield, MI	Short term property		60,000		2.5	April, 2013
Marietta, GA	Short term property		77,000		2.9	July, 2013
Ft. Lauderdale, FL	Short term property		55,000		1.9	August, 2013
Elmsford, NY	Medium term property		59,000		22.0	August, 2013
Cherry Hill, NJ	Short term property		150,000		4.5	September, 2013
Addison, IL	Short term property		68,000		1.9	December, 2013
Norcross, GA	Short term property		69,000		1.1	February, 2014
Berwyn, PA	Short term property		69,000		3.0	April, 2014
Secaucus, NJ	Short term property		340,000		28.0	May, 2014
Williamsville, NY	Short term property		102,000		2.4	September, 2014
Total			1,189,000	$	83.7

Company owned properties

Owned Properties

Certain information about the Company’s owned properties is set forth below:

Property Location	Building Size (estimated square feet)

West Palm Beach, FL		112,000
Westbury, NY		92,000
Paramus, NJ		77,000
New York, NY (Trinity Place Property)		57,000	*
Total Square Feet		338,000

*The Trinity Place Property consists of a vacant 6-story commercial building of approximately 57,000 square feet, yielding approximately 174,000 square feet of zoning floor area as-of-right. The Company also has ownership of approximately 60,000 square feet of development rights from adjacent tax lots, one of which is owned in fee by the Company which is improved with a 4-story landmark building which cannot be demolished.