The two Eagan buildings that once housed the world headquarters and other operations for Northwest Airlines apparently have found a buyer after sitting vacant for five years.
The Business Journal reports the Excelsior Group, an Eden Prairie-based commercial real estate firm, has a contract to buy the 190-acre, 550,000-square-foot complex located near Interstate 494 at the intersection of Dodd Road and Lone Oak Parkway.
The buildings are now owned by Delta Airlines, which bought Northwest in 2008 and vacated the headquarters a year later. The other building has been vacant for about 16 months; it formerly housed flight simulators.
The Business Journal quotes an executive from Jones Lang LaSalle, the financial and professional services firm representing Delta, who says the deal should close in the next 60 days. The story adds that Jones Land LaSalle "will be involved in marketing it to prospective tenants" on behalf of the Excelsior Group.
A price for the property was not revealed. In 2012, Delta dropped the price of the properties from $24.5 million to $17 million.
When the building was initially put on the market in October of 2009, MPR News noted Northwest had been the sole occupant of the headquarters building since it was built in 1985. At one time, approximately 1,000 NWA employees worked there.
After it acquired Northwest, Delta became the single largest airline at that time. Delta promised the Metropolitan Airports Commission that it would keep 10,000 jobs in Minnesota until at least 2016.
According to the Northwest Airlines History Centre website, Delta's acquisition ended Northwest's Minnesota-based commercial operations after more than years.