Delta Air Lines has sold a large employee parking lot near Hartsfield-Jackson Atlanta International Airport for $75 million as part of a strategic real estate move — but the airline isn’t going anywhere.
The roughly 58-acre property, located near Gateway Center Arena, was purchased by Realterm, a real estate investment firm that specializes in transportation and airport-adjacent properties.
Under the agreement, Delta will lease the parking facility back for 20 years, with four additional five-year renewal options, ensuring continued access for employees while allowing the company to unlock capital from its real estate holdings.
What we know about the deal
- Sale price: $75 million
- Property size: About 58 acres
- Buyer: Realterm
- Location: Near Hartsfield-Jackson and Gateway Center Arena
- Leaseback: 20 years, plus renewal options
Industry experts say sale-leaseback agreements like this are common in aviation, allowing airlines to raise cash while maintaining operational control of critical infrastructure…