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Investments in Real Estate and Real Estate Under Construction (Tables)
 9 Months Ended
Sep. 30, 2012
Investments in Real Estate and Real Estate Under Construction [Abstract]  
Schedule of Purchase Price Allocation [Table Text Block]
The following table summarizes the allocation of the fair value of amounts recognized for each major class of assets and liabilities:
Real estate assets
 
$
325,310

Lease related intangible assets
 
124,330

Cash
 
8,107

Other assets
 
36,179

 
 
 
Total acquired assets
 
493,926

 
 
 
Secured debt
 
252,517

Other liabilities, including below-market leases
 
23,686

 
 
 
Total assumed liabilities
 
276,203

 
 
 
Fair value of acquired net assets (represents 100% interest)
 
$
217,723
Schedule of Acquired Properties [Table Text Block]
The Company, through property owner subsidiaries, completed the following acquisition and build-to-suit transactions during the nine months ended September 30, 2012:
 
 
 
 
 
 
 
 
 
Lease Intangibles
Property Type
Location
Acquisition/Completion Date
Initial Cost Basis
Lease Expiration
Land and Land Estate
 
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

Industrial
Missouri City, TX
April 2012
$
23,000

04/2032
$
14,555

 
$
5,895

 
$
2,135

 
$
415

Industrial
Shreveport, LA
June 2012
$
12,941

03/2022
$
1,078

 
$
10,134

 
$
1,590

 
$
139

Retail
Valdosta, GA(1)
August 2012
$
8,247

08/2027
$
2,128

 
$
6,119

 
$
—

 
$
—

Office
Jessup, PA
August 2012
$
24,917

08/2027
$
2,520

 
$
17,656

 
$
3,336

 
$
1,405

Office
Saint Joseph, MO
September 2012
$
17,571

06/2027
$
607

 
$
14,004

 
$
2,528

 
$
432

 
 
 
$
104,328

 
$
23,030

 
$
66,964

 
$
11,499

 
$
2,835

(1) Incurred leasing costs of $488.
Schedule of Acquisition Development and Construction Arrangements Outstanding [Table Text Block]
As of September 30, 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
Long Island City, NY(1)
Industrial
143,000

 
$
46.7

 
$
55.5

 
15
 
1Q 13
Eugene, OR
Office
80,000

 
$
17.6

 
$
17.6

 
15
 
1Q 13
Denver, CO
Office
163,000

 
$
37.6

 
$
37.6

 
15
 
2Q 13
Rantoul, IL(2)
Industrial
813,000

 
$
42.6

 
$
42.6

 
20
 
4Q 13
Opelika, AL
Retail
52,000

 
$
8.4

 
$
8.4

 
15
 
4Q 12
 
 
1,251,000

 
$
152.9

 
$
161.7

 
 
 
 
(1) 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 condensed consolidated balance sheets as of September 30, 2012 and December 31, 2011. 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.
(2) Acquisition, development and construction arrangement.
Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block]
Intangible assets and liabilities recorded in connection with the above acquisition are set forth as follows:
 
 
 
Weighted Average Amortization Period (in Years)
In-place leases
 
$
59,819

6.2
Tenant relations
 
24,828

4.6
Above-market leases
 
39,683

8.4
Total intangible assets acquired
 
$
124,330

 
Below-market leases
 
$
1,529

2.7