Digital Realty Sells Eagan, Minnesota Data Center to Community Development Agency

Colorado Company Sells Former Delta Air Lines Land to County for Planned Housing Project Digital Realty has sold a former data center outside Minneapolis, Minnesota, to a local government real estate agency. Finance & Commerce reports that the Dakota County Community Development Agency acquired 1500 Towerview Road in Eagan last month for $6.25 million. The seller was Digital Towerview LLC, an affiliate of Digital Realty. This 8 MW, 329,000-square-foot (30,565 […]

Colorado Company Sells Former Delta Air Lines Land to County for Planned Housing Project

Digital Realty has sold a former data center outside Minneapolis, Minnesota, to a local government real estate agency.

Finance & Commerce reports that the Dakota County Community Development Agency acquired 1500 Towerview Road in Eagan last month for $6.25 million. The seller was Digital Towerview LLC, an affiliate of Digital Realty.

This 8 MW, 329,000-square-foot (30,565 m2) data center sits on 39 acres and was previously fully leased to Delta Air Lines. Digital acquired the single-story site from Delta in 2013 in a $37 million sale-leaseback agreement. The original lease was for eight years. A Dakota County CDA official told Finance & Commerce on Thursday that the plan is to demolish the data center, clear the site and eventually build new housing there, according to the city’s plans. The city envisions up to 1,100 new homes, according to a redevelopment analysis. Tony Schertler, executive director of the Dakota County CDA, said, “We have the power and resources to redevelop, so we realized they have to reposition that property to realize that vision. We thought, ‘Why don’t we take it, clean up the site, start addressing the pollution issues and get it ready for the investment that the city’s vision requires?’”

It’s unclear exactly when Delta abandoned the site. BizJournal reported that the site was vacant and would be put up for sale in March.

It was reportedly built in 1982 and expanded in 1994; it was formerly the headquarters of Northwest Airlines, which was acquired by Delta in 2008.

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