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Investments in Real Estate and Real Estate Under Construction (Tables)
3 Months Ended
Mar. 31, 2014
Investments in Real Estate and Real Estate Under Construction [Abstract]  
Schedule of Acquired Properties
The Company, through property owner subsidiaries, completed the following acquisition and build-to-suit transactions during the three months ended March 31, 2014:
Property Type
Location
Acquisition/Completion Date
Initial Cost Basis
Lease Expiration
Land and Land Estate
 
Building and Improvements
 
Lease in-place Value Intangible
Industrial
Rantoul, IL
January 2014
$
41,277

10/2033
$
1,304

 
$
32,562

 
$
7,411

Office
Parachute, CO
January 2014
$
13,928

10/2032
$
1,400

 
$
10,751

 
$
1,777

Office
Rock Hill, SC
March 2014
$
24,350

03/2034
$
1,601

 
$
18,989

 
$
3,760

 
 
 
$
79,555

 
$
4,305

 
$
62,302

 
$
12,948



Schedule of Acquisition Development and Construction Arrangements Outstanding
As of March 31, 2014, the Company had the following development arrangements outstanding:
Location
Property Type
Square Feet
 
Expected Maximum Commitment/Contribution ($ millions)
 
Lease Term (Years)
 
Estimated Completion Date
Bingen, WA
Industrial
124,000

 
$
18.9

 
12
 
2Q 14
Las Vegas, NV
Industrial
180,000

 
$
29.6

 
20
 
3Q 14
Richmond, VA
Office
279,000

 
$
98.6

 
15
 
3Q 15
Lake Jackson, TX
Office/R&D
664,000

 
$
166.2

 
20
 
4Q 16
 
 
1,247,000

 
$
313.3

 
 
 
 

Business Acquisition, Pro Forma Information
In addition, the Company has commitments to acquire the following properties:
Location
Property Type
Estimated Acquisition Cost ($000)
 
Estimated Acquisition Date
 
Lease Term (Years)
Lewisburg, TN
Industrial
$
13,320

 
2Q 14
 
12
Auburn Hills, MI
Office
40,025

 
1Q 15
 
14
 
 
$
53,345