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News release

MINNEAPOLIS, MN

JLL Arranges Sale of 190-acre Delta Airlines HQ Site in Eagan (Minneapolis)

Vital property/land parcel has great potential


MINNEAPOLIS (July 15, 2015)—In one of the largest land/campus sale transactions in the Twin Cities in at least five years, Delta Airlines has completed the sale of its expansive 190-acre, two-building campus in Eagan, Minnesota. Commercial real estate services firm JLL represented Delta Airlines in the sale transaction.

The complex was acquired by Excelsior Properties, a Minneapolis based commercial real estate investment and management firm.
“The sale of this site creates great opportunity for a multitude of users in the market,” said Chris Hickok, CCIM, an Executive Vice President with JLL who was assisted by Chris Rohrer, also an Executive Vice President with JLL, represented Delta in the sale of the property.

“When this was an integral part of Northwest Airlines’ operational plans, this development was a vital piece of property. The acquisition by Excelsior, a developer/owner committed to Minneapolis, ensures the future, long-term vitality of this property and its return to the market.”

Since 2013 the complex has been largely unoccupied. Operations were moved to Atlanta when the two airlines merged. The former headquarters complex consists of two buildings, Building A and Building N. The entire complex is comprised of approximately 190 acres of land.

• The property commonly referred to as building A is a four-story office building and totals 273,540 square feet. The floor plate is approximately 68,385 square feet of space. The building was built in 1986 and sits on a land parcel that is approximately 125 acres. There is parking for 1,348 cars.
• The building commonly referred to as building N is a versatile training facility and totals 278,620 square feet. It consists of a mix of high-bay simulator training areas. (Pilots came to the facility from all over the world for training on the newest jets in the Northwest Airline fleet.) The balance of the building, developed in 1986, consists of general office and classroom/training space. The building sits on a land parcel that is approximately 65 acres.
While Excelsior has not formally announced plans for the buildings and land, the site offers tremendous flexibility and opportunity, according to Hickok.

About JLL
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000.  On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $55.3 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.​