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News release

MINNEAPOLIS

Delta hires Jones Lang LaSalle to sell former Northwest Airlines HQ complex  in Eagan for reduced price of $24.5 million


MINNEAPOLIS, Oct. 20, 2011 - The Minneapolis office of Jones Lang LaSalle has been hired by Delta Air Lines to sell the former Northwest Airlines headquarters complex in Eagan that Delta acquired when it absorbed Northwest in 2008.

The two-building, 190-acre property is available in full for a reduced price of $24.5 million or in part. The individual parts include:

  • A 273,500-square-foot, four-story office building which incorporates a mix of private offices, open cube space, conference facilities, a group dining area and a kitchen.
  • A 278,620-square-foot industrial-flex building currently used by Delta for flight simulation/training and ideal for reuse as office space, data center, light manufacturing or medical/technical. (This is the first time that this building is being marketed for sale.)
  • Approximately 51 acres of undeveloped land with I-494 frontage that is ideal for office/flex/industrial development.

The property is located off of I-494, just east of I-35E and approximately 6 miles from the Minneapolis-St. Paul International Airport.

Jones Lang LaSalle’s Chris Hickok and Chris Rohrer are the exclusive listing agents.

“This property represents a unique opportunity for the right tenant, developer or investor,” said Hickok, a Jones Lang LaSalle Executive Vice President. “We are excited to take over as the new listing agents on behalf of Delta and are optimistic that we will be able to identify a buyer who can take advantage of all the property has to offer.”

About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2010 global revenue of more than $2.9 billion, Jones Lang LaSalle serves clients in 70 countries from more than 1,000 locations worldwide, including 200 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.8 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with $45.3 billion of assets under management. For further information, please visit our website, www.joneslanglasalle.com.