Schedule III-Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 01, 2012

Schedule III-Real Estate and Accumulated Depreciation

Schedule III-Real Estate and Accumulated Depreciation

Schedule III—Real Estate and Accumulated Depreciation
December 1, 2012
(dollars in thousands)

						Initial Cost				Cost Capitalized Subsequent to Acquisition Improvements		Gross Amount at December 1, 2012
Description	Location		Encumbrances			Land		Bldg. & Improve.				Land		Land Improvements		Bldg. & Bldg. Improvements		Tenant Improvements		Development Cost		Total		Accumulated Depreciation			Date of Construction		Date of Acquisition		Depr. Life
Undeveloped Land			$	—		$	2,728	$	—	$	638	$	2,728	$	638	$	—	$	—	$	—	$	3,366	$	(180	)
New England Tradeport, Windsor/E. Granby, CT
Undeveloped portion				—			926		—		3,022		926		53		—		—		2,969		3,948		—
Industrial Buildings		1		8,034	(c)		8		—		4,426		8		487		3,682		257		—		4,434		(3,163	)		1978				40 yrs.
Industrial Building		2		—	(a)		4		1,722		891		4		751		1,835		27		—		2,617		(1,595	)		1982		1989		40 yrs.
Industrial Building		3		—	(a)		13		—		7,241		13		522		5,515		1,186		18		7,254		(1,227	)		2008				40 yrs.
Industrial Building		4		—			9		—		3,896		9		316		3,449		131		—		3,905		(1,720	)		1998				40 yrs.
Industrial Building		5		6,306			12		—		8,167		12		342		5,113		2,712		—		8,179		(4,803	)		1999				40 yrs.
Industrial Building		6			(a)		7		—		3,313		7		11		3,051		251		—		3,320		(1,239	)		2001				40 yrs.
Industrial Building		7		19,018			13		—		5,500		13		22		4,962		516		—		5,513		(1,785	)		2003				40 yrs.
Industrial Building		8		—	(a)		16		—		7,489		16		1		6,893		595		—		7,505		(2,061	)		2006				40 yrs.
Industrial Building		9		—	(a)		15		—		9,137		15		25		7,595		1,517		—		9,152		(3,385	)		2005				40 yrs.
Industrial Building		10		11,396			57		—		15,931		57		1,028		13,806		1,097		—		15,988		(1,731	)		2009				40 yrs.
Industrial Building		11		—			20		—		8,345		20		563		7,509		273		—		8,365		(1,309	)		2007				40 yrs.
Industrial Building		12		—			12		—		6,902		12		448		6,240		214		—		6,914		(1,118	)		2007				40 yrs.
Griffin Center, Windsor, CT
Undeveloped portion				—			403		—		889		403		—		—		—		889		1,292		—
Flex Building		13		3,943			19		—		8,202		19		145		8,057		—		—		8,221		(2,421	)		2001				40 yrs.
Restaurant Building		14		—			1		—		2,161		1		261		1,391		509		—		2,162		(1,196	)		1983				40 yrs.
Office Building		15		—	(b)		17		—		5,828		17		420		4,257		1,151		—		5,845		(2,321	)		2002				40 yrs.
Office Buildings		16		6,726	(c)		1,193		7,958		2,711		1,193		731		7,966		1,972		—		11,862		(3,965	)		1982/1987		2003		40 yrs.
Griffin Center South, Bloomfield, CT
Undeveloped portion				—			42		—		342		42		—		—		—		342		384		—
Office Building		17		—	(b)		5		—		3,935		5		576		2,799		560		—		3,940		(3,086	)		1977				40 yrs.
Office Building		18		—	(b)		4		—		2,771		4		263		1,962		546		—		2,775		(1,650	)		1985				40 yrs.
Office Building		19		—	(b)		2		—		1,948		2		376		1,442		130		—		1,950		(1,224	)		1988				40 yrs.
Office Building		20		—	(b)		2		—		1,528		2		189		1,339		—		—		1,530		(954	)		1989				40 yrs.
Industrial Building		21		—	(b)		1		—		765		1		86		679		—		—		766		(531	)		1988				40 yrs.
Office Buildings		22		—	(b)(d)		10		—		3,898		10		155		3,337		406		—		3,908		(1,992	)		1991				40 yrs.
Office Building		23		—	(b)		9		—		3,757		9		8		3,321		401		27		3,766		(1,247	)		2001				40 yrs.
Bloomfield, CT
Industrial Building		24		—			1,294		1,264		—		1,294		72		1,126		66		—		2,558		(234	)		1997		2007		40 yrs.
Breinigsville, PA
Industrial Building		25		4,066			832		4,560		—		832		349		3,990		221		—		5,392		(499	)				2010		40 yrs.
Lehigh Valley Tradeport, Lower Nazareth, PA
Undeveloped Portion				—			1,351		—		3,018		1,351		—		—		—		3,018		4,369		—
Industrial Building		26		—			721		9,209		—		721		1,053		8,156		—		—		9,930		(71	)		2012				40 yrs.
Quincy, FL
Nursery Farm				—			279		—		10,588		279		4,089		6,499		—		—		10,867		(8,946	)				1959		20 yrs.
Simsbury, CT
Residential Development				—			201		—		6,161		201		—		—		—		6,161		6,362		—
Other				—			41		—		2,291		41		1,158		—		—		1,133		2,332		(1,091	)
Subtotal			$	59,489		$	10,267	$	24,713	$	145,691	$	10,267	$	15,138	$	125,971	$	14,738	$	14,557	$	180,671	$	(56,744	)

(a)

Building included in mortgage listed on line above.

(b)

Buildings included as collateral for a $12.5 million revolving line of credit.

(c)

Includes two buildings.

(d)

Includes three buildings.

Schedule III—Real Estate and Accumulated Depreciation (Continued)
(dollars in thousands)

Fiscal year ended December 1, 2012

	Cost			Reserve
Balance at beginning of year	$	168,160		$	(51,865	)
Changes during the year:
Additions to real estate assets		13,557			—
Additions to reserve charged to costs and expense		—			(5,237	)
Reclassification to real estate held for sale		(693	)		5
Writeoff of fully depreciated assets		(353	)		353
Cost of sales		—			—
Balance at end of year	$	180,671		$	(56,744	)

Fiscal year ended December 3, 2011

	Cost			Reserve
Balance at beginning of year	$	178,995		$	(48,165	)
Changes during the year:
Additions to real estate assets		3,186			—
Additions to reserve charged to costs and expense		—			(5,632	)
Reclassification to real estate held for sale		(14,015	)		1,932
Cost of sales		(6	)		—
Balance at end of year	$	168,160		$	(51,865	)

Fiscal year ended November 27, 2010

	Cost			Reserve
Balance at beginning of year	$	171,456		$	(43,145	)
Changes during the year:
Additions to real estate assets		9,755			—
Additions to reserve charged to costs and expense		—			(5,791	)
Reclassification to real estate held for sale		(1,208	)		—
Writeoff of fully depreciated assets		(240	)		240
Cost of sales		(768	)		531
Balance at end of year	$	178,995		$	(48,165	)