Real Estate

Information on the operating properties and land parcels the Company acquired during the three and nine months ended September 30, 2017 is as follows:



	Three Months Ended September 30, 2017					Nine Months Ended September 30, 2017
	Number of Buildings	Acres of Developable Land	Leaseable Square Feet	Purchase Price (in thousands)		Number of Buildings	Acres of Developable Land	Leaseable Square Feet	Purchase Price (in thousands)
Carolinas/Richmond	—	—	—	$	—	—	11	—	$	1,242
Lehigh/Central PA	—	—	—	—		—	95	—	17,798
United Kingdom	—	—	—	—		—	35	—	12,550
Other:
Arizona	—	—	—	—		—	6	—	1,327
Atlanta	—	—	—	—		—	80	—	2,867
DC Metro	—	—	—	—		—	10	—	504
New Jersey	2	—	205,116	25,599		2	17	205,116	29,301
Southern California	1	—	149,275	16,650		2	—	249,855	35,760
	3	—	354,391	$	42,249	4	254	454,971	$	101,349

Information on the operating properties and land parcels the Company sold or conveyed during the three and nine months ended September 30, 2017 is as follows:



	Three Months Ended September 30, 2017					Nine Months Ended September 30, 2017
	Number of Buildings	Acres of Developable Land	Leaseable Square Feet	Gross Proceeds (in thousands)		Number of Buildings	Acres of Developable Land	Leaseable Square Feet	Gross Proceeds (in thousands)
Chicago/Minneapolis	2	—	104,994	$	5,817	3	—	136,110	$	8,917
Florida	—	5	—	10,620		—	16	—	13,256
Houston	—	19	—	2,275		—	26	—	4,270
Philadelphia	—	—	—	—		—	2	—	6,904
Southeastern PA	1	—	28,495	2,765		3	3	123,908	11,815
Other	—	—	—	—		—	6	—	3,739
	3	24	133,489	$	21,477	6	53	260,018	$	48,901

During the three months ended September 30, 2017, a contingency related to a 2015 portfolio sale was settled and the Company recognized a deferred gain in the accompanying statements of comprehensive income in the amount of $14.3 million.

Pursuant to a purchase option contained in its lease agreement, a tenant exercised its option to purchase, for an aggregate purchase price of $249.0 million, two industrial buildings totaling 1.7 million square feet and 44 acres of land held for development with a total carrying value of $176.4 million. These properties and land are located in the Company's Lehigh/Central PA reportable segment. As of September 30, 2017 these assets and liabilities were classified as held for sale on the Company's consolidated balance sheet.

Additionally, the Company classified 9 acres of land held for development with a total carrying value of $1.1 million as assets held for sale due to an anticipated condemnation conveyance. The disposition is anticipated to occur in 2018. This land is located in the Company's Chicago-Minneapolis reportable segment.