Delta requests subdivision of former NWA headquarters

Posted under Dakota Co. Tribune Business Weekly,Eagan Sports on Wednesday 1 September 2010 at 9:40 am

Reports say airline found undisclosed buyer

by Jessica Harper
Dakota County Tribune

Delta Airline is asking the city of Eagan to divide the 125-acre site that houses the former Northwest Airlines headquarters to expedite the sale of the building and surrounding parking areas.

The Minneapolis-St. Paul Business Journal reports that the airline has an undisclosed buyer for the 273,000 square-foot, multistory office building.

The vacant building at 2700 Lone Oak Parkway sits on 72.2 acres and has been on the market since June 2009. The entire property is being advertised for $33 million.

How a potential buyer would affect the city of Eagan depends on the buyer and what the planned use would be, Eagan Communications Director Tom Garrison said.

“We knew it would and should be an attractive building to potential buyers,” Garrison said, noting the property’s close proximity to I-494.

The building was built in 1985 and housed about 1,000 Northwest Airlines employees prior to the merger with Delta two years ago.

The requested subdivision, which would break the property into the headquarters building and three separate land parcels, would allow Delta to sell the building and undeveloped land separately, according to the Minneapolis-St. Paul Business Journal report.

“In the future, one might anticipate they may further subdivide the remaining property, depending on the potential buyer or buyers,” Garrison said.

The request to subdivide the property went before the Eagan Planning Commission in June. The plan, which had a hearing on Aug. 24, must still be approved by the City Council.

The proposal is expected to go before the council on Sept. 21.

Representatives at Delta Airlines declined to comment. Brokers at Cushman & Wakefield in Eden Prairie ,who are helping market the property, could not be reached in time for publication.

Jessica Harper is at
jessica.harper@ecm-inc.com.

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