Excelsior Buys Delta Airlines HQ Site

MINNEAPOLIS—Delta Airlines has just sold its 190-acre, two-building campus in suburban Eagan to Excelsior Properties, a Minneapolis-based commercial real estate investment and management firm, for $10.4 million. Built in the 1980s, it was once the world headquarters for Northwest Airlines, but operations were moved to Atlanta when the two airlines merged and since 2013 the complex has been largely unoccupied.

“There is still a fair amount of still to be developed land, and it’s a gorgeous piece of ground,” Chris Hickok, an executive vice president with JLL, tells GlobeSt.com. Along with Chris Rohrer, also an executive vice president with JLL, he represented Delta in the sale of the property. Much of the open land in the area remains agricultural, but the Delta campus has rolling hills, wooded areas and ponding areas. “Every corporate user that looked at the site was wowed by the setting.”