The Atlanta beverage giant this month sold about five acres along North Avenue to the state’s university system.
Coca-Cola this month sold about five acres of property along North Avenue, which Georgia Tech has said will be a “strategic addition” to its core campus. (Courtesy of Georgia Tech)
Beverage giant Coca-Cola has sold a piece of its Atlanta corporate campus, allowing its longtime neighbor Georgia Tech to expand.
The Midtown property spans about 5 acres along North Avenue, north of Coca-Cola’s main headquarters and within walking distance of Tech’s Bobby Dodd Stadium at Hyundai Field.
Coca-Cola sold the property for $31.3 million to the Board of Regents of the University System of Georgia, according to property records. The board oversees the state’s public colleges and universities.
The transaction closed July 15.
Georgia Tech said in April it was finalizing the deal, calling it a “strategic addition to our core campus” that would support its enrollment growth and research activity for years to come. The Board of Regents authorized the acquisition at an April meeting, a spokesperson said.
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An aerial view of Coca-Cola’s headquarters in Atlanta pictured on Sunday, June 30, 2024. (Seeger Gray/AJC)
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Amy Wenk is the consumer brands reporter for the AJC.
