XML 21 R57.htm IDEA: XBRL DOCUMENT v2.4.0.8
Subsequent Events Financing Activity (Details) (USD $)
12 Months Ended 0 Months Ended 6 Months Ended 6 Months Ended 0 Months Ended 0 Months Ended 0 Months Ended 0 Months Ended 0 Months Ended 0 Months Ended
Dec. 31, 2012
sqft
Dec. 19, 2013
Subsidiary
Jan. 17, 2013
sqft
Mar. 09, 2012
sqft
Dec. 31, 2011
Dec. 31, 2010
sqft
Apr. 25, 2013
Subsequent Event
Feb. 10, 2012
Minimum
Feb. 10, 2012
Maximum
Dec. 19, 2013
Thomas Properties Group, Inc [Member]
Subsequent Event
Mar. 25, 2013
Tampa Fund II Assets
Subsequent Event
sqft
Feb. 20, 2013
Phoenix Tower
sqft
Feb. 21, 2013
Phoenix Tower
Subsequent Event
sqft
Dec. 31, 2012
Corporate Center Four at International Plaza
sqft
Dec. 31, 2012
NASCAR Plaza
Dec. 31, 2011
NASCAR Plaza
Dec. 31, 2012
Hayden Ferry Lakeside II
sqft
Dec. 31, 2011
Hayden Ferry Lakeside II
Jun. 28, 2013
Hayden Ferry Lakeside II
Subsequent Event
sqft
Jun. 27, 2013
Hayden Ferry II Original Mortgage
Hayden Ferry Lakeside II
Subsequent Event
Jun. 28, 2013
Hayden Ferry II Original Mortgage
Hayden Ferry Lakeside II
Subsequent Event
Aug. 01, 2013
Hayden Ferry II Modified Mortgage
Hayden Ferry Lakeside II
Subsequent Event
Jun. 27, 2013
Hayden Ferry II Modified Mortgage
Hayden Ferry Lakeside II
LIBOR
Minimum
Subsequent Event
Jun. 28, 2013
Hayden Ferry II Modified Mortgage
Hayden Ferry Lakeside II
LIBOR
Minimum
Subsequent Event
Jun. 28, 2013
Hayden Ferry II Modified Mortgage
Hayden Ferry Lakeside II
LIBOR
Maximum
Subsequent Event
Feb. 21, 2013
Mortgages
Phoenix Tower
Subsequent Event
Mar. 07, 2013
Mortgages
Deerwood Portfolio
Subsequent Event
Mar. 25, 2013
Mortgages
Tampa Fund II Assets
Subsequent Event
May 31, 2013
Mortgages
Corporate Center Four at International Plaza
Subsequent Event
sqft
Aug. 01, 2013
Mortgages
Corporate Center Four at International Plaza
Subsequent Event
Jun. 12, 2013
Mortgages
Cypress Center and NASCAR Plaza
Subsequent Event
Mortgage
Jun. 12, 2013
Mortgages
Cypress Center
Subsequent Event
sqft
Jun. 12, 2013
Mortgages
NASCAR Plaza
Subsequent Event
sqft
Jun. 12, 2013
Wells Fargo
Unsecured Term Loan $120 million
Subsequent Event
Mar. 25, 2013
Public offering
Subsequent Event
Mar. 25, 2013
Pursuant to the exercise of the underwriters
Subsequent Event
Dec. 19, 2013
Thomas Properties Group, Inc [Member]
Subsequent Event
Dec. 19, 2013
Parent Company
Subsequent Event
Dec. 19, 2013
Parent Company
Thomas Properties Group, Inc [Member]
Subsequent Event
Dec. 19, 2013
Thomas Properties Group, L.P. [Member]
Subsequent Event
Dec. 19, 2013
Subsidiaries
Subsequent Event
Mortgage
Dec. 19, 2013
Subsidiaries
Thomas Properties Group, L.P. [Member]
Subsequent Event
Dec. 19, 2013
CityWestPlace
Subsidiaries
Subsequent Event
sqft
Dec. 19, 2013
CityWestPlace I and II
Mortgages
Subsequent Event
Dec. 19, 2013
CityWestPlace III and IV
Mortgages
Subsequent Event
Debt Instrument [Line Items]                                                                                          
Modified mortgage loan $ 605,889,000                                                 $ 80,000,000.0 $ 84,500,000 $ 40,700,000 $ 22,500,000   $ 55,000,000                            
Amortization period of loan principal (in years)                                                   25 years 30 years                                    
Remaining ownership by noncontrolling owners purchased (in percent)                                                       70.00%                                  
Proportionate share of mortgage loan                                                       58,100,000                                  
Number of common stock sold in public offering                                                                     11,000,000.0 1,650,000.00                  
Stock offering price ( in USD per share)                                                                     $ 17.25                    
Net proceeds form the offering                                                                     209,000,000                    
Payment to redeem preferred shares             136,300,000                                                                            
Expected charge related to the redemption of preferred stock             6,600,000                                                                            
Modified first mortgage principal balance                             42,977,000 [1],[2],[3] 0 [1],[2],[3] 48,125,000 [1],[4] 0 [1],[4]                     36,000,000                             117,700,000 93,500,000
Weighted average interest rate (in percent)       7.10%                                                   4.60% 3.60%                            
Rate at which reference rate is fixed 1.50%                                                       3.30%                                
Fixed base rate of variable interest rate                                         1.50% 1.70%                                              
Notional amount                                                         13,500,000.0                                
Loan amount 262,000,000                                                                 120,000,000.0                      
Number of first mortgages                                                             2                            
Quarterly principal payments on existing mortgages                                       625,000                                                  
Interest only period of mortgage (in years) 0 years 43 months 0 days                                                       24 months                                
Variable rate basis                                             LIBOR                                            
Basis spread on variable rate (in percent)               2.50% 3.50%                             2.50% 3.50%                                        
Common stock, par value (in dollars per share) $ 0.001       $ 0.001                                                               $ 0.01 $ 0.001   $ 0.01 $ 0.001        
Stock Issued During Period, Shares, Acquisitions                                                                             18,362,513     4,537,110      
Common stock exchange ratio                   0.3822                                                                      
Business Combination, Consideration Transferred1                                                                             $ 331,400,000     $ 81,900,000      
Number of mortgages assumed                                                                                 3        
Number of subsidiaries assumed mortgage loans   2                                                                                      
Number of nonrecourse mortgages assumed                                                                                 2        
Area of real estate property (in square feet) 11,900,000   260,000 337,000   163,000         788,000 629,000 629,000 250,000     300,000   299,000                   250,000     286,000 394,000                   1,400,000    
Interest rate on mortgage (in percent) 1.50%                     3.90%     4.70%                     3.90% 3.90%                                 6.16% 5.03%
Prepaid not allowed prior to 90 days prior to the maturity date                                                                                       90 days  
Prepaid fee percentage of prepaid amount                                                                                         1.00%
No prepayment fee during the last 60 days prior to maturity                                                                                         60 days
[1] The mortgage loans secured by these properties have variable interest rates that have been fixed by interest rate swap agreements.
[2] The Company assumed the existing loan on NASCAR Plaza upon acquisition in December 2012. The note bears interest at a stated interest rate of 4.7% and has been marked-to-market for GAAP purposes.
[3] Effective December 31, 2012 the Company assumed the mortgage secured by NASCAR Plaza and also the swap associated with this mortgage. The notional amount of the swap is $30 million which fixes LIBOR at 2.3%, which resulted in an all-in interest rate of 3.4%. The interest rate swap matures on February 1, 2016.
[4] The Hayden Ferry II mortgage provides for quarterly payments of $625,000 through February 2015 with payments based on a 25 year amortization thereafter until maturity. Additionally, the mortgage bears interest at LIBOR plus the applicable spread which ranges between 250 and 350 basis points. Fund II entered into an interest rate swap that fixed the LIBOR rate associated with this loan at 1.5% through January 25, 2018. This loan is cross-defaulted with Hayden Ferry I.