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Acquisitions (Tables)
9 Months Ended
Sep. 30, 2012
Business Combinations [Abstract]  
Summary of Income Producing Property Acquisition Activity
The following table provides a summary of income producing property acquisition activity during the nine months ended September 30, 2012:
Date Purchased
Property Name
 
City
 
State
 
Square Feet/Acres
 
Purchase
Price
 
Mortgage Assumed
 
 
 
 
 
 
 
 
 
(in thousands)
September 28, 2012
Clocktower Plaza Shopping Center (1)
 
Queens
 
NY
 
78,820

 
$
56,000

 
$

August 28, 2012
Darinor Plaza (1) (2)
 
Norwalk
 
CT
 
152,025

 
36,000

 
18,765

June 8, 2012
Broadway Plaza - land parcel
 
Bronx
 
NY
 
1.83

(3) 
7,500

 

March 1, 2012
Potrero Center
 
San Francisco
 
CA
 
226,699

 
110,750

 

March 1, 2012
Compo Acres Shopping Center
 
Westport
 
CT
 
43,107

 
30,300

 

March 1, 2012
Post Road Plaza
 
Darien
 
CT
 
20,005

 
12,700

 

Total
 
 
 
 
 
 
 
 
$
253,250

 
$
18,765

______________________________________________ 
(1) The purchase price has been preliminarily allocated to real estate assets acquired and liabilities assumed, as applicable, in accordance with our accounting policies for business combinations. The purchase price and related accounting will be finalized after our valuation studies are complete.
(2) Property is subject to a ground lease which expires in 2076.
(3) In acres.