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Investments in Real Estate and Real Estate Under Construction (Tables)
 3 Months Ended
Mar. 31, 2012
Investments in Real Estate and Real Estate Under Construction [Abstract]  
Schedule of Acquired Properties [Table Text Block]
The Company, through property owner subsidiaries, completed the following build-to-suit transactions during the first quarter of 2012:
 
 
 
 
 
 
 
 
 
Lease Intangibles
Property Type
Location
Acquisition/Consolidation Date
Initial Cost Basis
Lease Expiration
Land
 
Building and Improvements
 
Lease in-place Value
 
Tenant Relationships Value
Office
Huntington, WV
January 2012
$
12,558

11/2026
$
1,368

 
$
9,527

 
$
1,405

 
$
258

Office
Florence, SC
February 2012
$
5,094

02/2024
$
774

 
$
3,629

 
$
505

 
$
186

 
 
 
$
17,652

 
$
2,142

 
$
13,156

 
$
1,910

 
$
444
Schedule of Acquisition Development and Construction Arrangements Outstanding [Table Text Block]
As of March 31, 2012, the Company had the following development arrangements outstanding:
Location
Property Type
Square Feet
 
Expected Maximum Commitment/Contribution (million)
 
Estimated Purchase Price/Completion Cost (million)
 
Lease Term (Years)
 
Estimated Completion Date
Saint Joseph, MO(1)
Office
99,000

 
$
18.0

 
$
18.0

 
15
 
2Q 12
Shreveport, LA(1)
Industrial
257,000

 
$
2.5

 
$
13.1

 
10
 
2Q 12
Long Island City, NY(2)
Industrial
143,000

 
$
46.7

 
$
55.5

 
15
 
1Q 13
Jessup, PA
Office
150,000

 
$
20.8

 
$
20.8

 
15
 
3Q 12
Eugene, OR
Office
80,000

 
$
17.6

 
$
17.6

 
15
 
1Q 13
Valdosta, GA
Retail
52,000

 
$
8.8

 
$
8.8

 
15
 
3Q 12
Denver, CO
Office
163,000

 
$
37.6

 
$
37.6

 
15
 
2Q 13
 
 
944,000

 
$
152.0

 
$
171.4

 
 
 
 
(1) Acquisition, development and construction arrangement.
(2) Joint venture investment. The Company has guaranteed completion to the ground owner. The guarantee obligation was valued at $1,500 and is included in accounts payable and other liabilities in the unaudited condensed consolidated balance sheet. In addition, the Company may loan a maximum of $4,398 to the joint venture under certain circumstances. The difference between the Company's expected contribution and the estimated completion cost represents the joint venture partner's equity.