{"689734":{"#nid":"689734","#data":{"type":"news","title":"Georgia Tech, The Coca-Cola Company Finalizing Agreement on North Avenue Property","body":[{"value":"\u003Cp\u003EGeorgia Institute of Technology and The Coca-Cola Company are finalizing an agreement for the Institute to purchase property along North Avenue, strengthening Georgia Tech\u2019s capacity to educate students, advance research, and serve communities across Georgia.\u003C\/p\u003E\u003Cp\u003ECoca-Cola, a neighbor to Georgia Tech since 1920, expects to sell a building and adjacent land in a transaction valued at $31.3 million. The company chose to work directly with Georgia Tech on the planned transaction, reflecting the long-standing relationship between the two organizations and a shared commitment to Atlanta\u2019s continued growth and innovation.\u003C\/p\u003E\u003Cp\u003EThe expected sale includes a two-story brick building, part of Coca-Cola\u2019s holdings since 1988, and an adjoining two-acre park along North Avenue.\u0026nbsp;\u003C\/p\u003E\u003Cp\u003E\u201cThis strategic addition to our core campus will support our growth in enrollment and research activity for years to come,\u201d said Georgia Tech President \u00c1ngel Cabrera. \u201cI appreciate our long relationship with The Coca-Cola Company that allowed us to pursue this opportunity as we continue to invest in our campus, our neighborhood, and Atlanta\u2019s innovation ecosystem.\u201d\u0026nbsp;\u0026nbsp;\u003C\/p\u003E\u003Cp\u003EJames Quincey, Coca-Cola\u2019s executive chair and Georgia Tech\u2019s 2020 Commencement speaker, said the company wanted the property to continue contributing to Atlanta\u2019s innovation ecosystem.\u003C\/p\u003E\u003Cp\u003E\u201cWhen we decided this space was no longer needed for our corporate campus, our goal was to work with Georgia Tech, as this site offers a great opportunity for them to expand,\u201d Quincey said. \u201cCoca-Cola has a long legacy of involvement and partnership with Georgia Tech, and we are excited to see them redevelop this important area in Atlanta.\u201d\u003C\/p\u003E\u003Cp\u003EGeorgia Tech will evaluate how the property can best support academic, research, and student needs as part of its long-term campus planning efforts. The acquisition represents a strategic step in ensuring Georgia Tech has the space needed to educate future leaders and advance research that strengthens Georgia\u2019s economy.\u003C\/p\u003E\u003Cp\u003E\u003Cstrong\u003E\u0026nbsp;\u003C\/strong\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cstrong\u003EAbout Georgia Tech\u003C\/strong\u003E\u003C\/p\u003E\u003Cp\u003EThe Georgia Institute of Technology, or Georgia Tech, is one of the top public research universities in the U.S., developing leaders who advance technology and improve the human condition.\u003C\/p\u003E\u003Cp\u003EThe Institute offers\u202fbusiness, computing, design, engineering, liberal arts,\u202fand sciences degrees, as well as professional development and K-12 programs for fostering success at every stage of life. Its more than 56,000 undergraduate and graduate students represent 54 U.S. states and territories and more than 146 countries. They study at the main campus in Atlanta, at instructional sites around the world, and through distance and online learning.\u003C\/p\u003E\u003Cp\u003EAs a leading technological university, Georgia Tech is an engine of economic development for Georgia, the Southeast, and the nation, conducting more than $1 billion in research annually for government, industry, and society.\u003C\/p\u003E\u003Cp\u003E\u003Cstrong\u003E\u0026nbsp;\u003C\/strong\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cstrong\u003EAbout The Coca-Cola Company\u003C\/strong\u003E\u003C\/p\u003E\u003Cp\u003EThe Coca-Cola Company (NYSE: KO) is a total beverage company with products sold in more than 200 countries and territories. Our company\u2019s purpose is to refresh the world and make a difference.\u0026nbsp;We sell multiple billion-dollar brands across several beverage categories worldwide.\u0026nbsp;Our portfolio\u0026nbsp;of sparkling soft drink brands includes Coca-Cola, Sprite, and Fanta.\u0026nbsp;Our water, sports, coffee, and tea brands include Dasani, smartwater, vitaminwater, Topo Chico, BODYARMOR, Powerade, Costa, Georgia, Fuze Tea, Gold Peak, and Ayataka. Our juice, value-added dairy, and plant-based beverage brands include Minute Maid, Simply, innocent, Del Valle, fairlife, and Santa Clara. We\u2019re constantly transforming our portfolio, from reducing sugar in our drinks to bringing innovative new products to market. We seek to positively impact people\u2019s lives, communities, and the planet through water replenishment, packaging recycling, sustainable sourcing practices, and carbon emissions reductions across our value chain. Together with our bottling partners, we employ more than 700,000 people, helping bring economic opportunity to local communities worldwide. Learn more at\u0026nbsp;\u003Ca href=\u0022https:\/\/www.coca-colacompany.com\/\u0022\u003Ewww.coca-colacompany.com\u003C\/a\u003E and follow us on\u0026nbsp;\u003Ca href=\u0022https:\/\/www.instagram.com\/thecocacolaco\/?hl=en\u0022\u003EInstagram\u003C\/a\u003E,\u0026nbsp;\u003Ca href=\u0022https:\/\/www.facebook.com\/TheCocaColaCo\/\u0022\u003EFacebook\u003C\/a\u003E, and\u0026nbsp;\u003Ca href=\u0022https:\/\/www.linkedin.com\/company\/the-coca-cola-company\u0022\u003ELinkedIn\u003C\/a\u003E.\u003C\/p\u003E","summary":"","format":"limited_html"}],"field_subtitle":"","field_summary":[{"value":"\u003Cdiv\u003EGeorgia Institute of Technology and The Coca\u2011Cola Company are finalizing an agreement for the Institute to purchase property along North Avenue, pending approval by the University System of Georgia Board of Regents. The $31.3 million acquisition of the vacant Two Coca\u2011Cola Plaza building and adjacent park would expand Georgia Tech\u2019s campus footprint, strengthen connections to nearby Institute\u2011owned property, and support the Institute\u2019s long\u2011term capacity to educate students, advance research, and serve communities across Georgia.\u003C\/div\u003E","format":"limited_html"}],"field_summary_sentence":[{"value":"The agreement expands capacity for education and research, building on a century-long relationship between two Atlanta mainstays."}],"uid":"35797","created_gmt":"2026-04-14 14:39:41","changed_gmt":"2026-04-14 19:37:00","author":"Siobhan Rodriguez","boilerplate_text":"","field_publication":"","field_article_url":"","location":"Atlanta, GA","dateline":{"date":"2026-04-14T00:00:00-04:00","iso_date":"2026-04-14T00:00:00-04:00","tz":"America\/New_York"},"extras":[],"hg_media":{"679941":{"id":"679941","type":"image","title":"ProjectMap_Final.png","body":null,"created":"1776177589","gmt_created":"2026-04-14 14:39:49","changed":"1776177589","gmt_changed":"2026-04-14 14:39:49","alt":"Map of the Coca cola property","file":{"fid":"264166","name":"ProjectMap_Final.png","image_path":"\/sites\/default\/files\/2026\/04\/14\/ProjectMap_Final.png","image_full_path":"http:\/\/hg.gatech.edu\/\/sites\/default\/files\/2026\/04\/14\/ProjectMap_Final.png","mime":"image\/png","size":4017664,"path_740":"http:\/\/hg.gatech.edu\/sites\/default\/files\/styles\/740xx_scale\/public\/2026\/04\/14\/ProjectMap_Final.png?itok=hEEWdvhT"}}},"media_ids":["679941"],"groups":[{"id":"1214","name":"News Room"}],"categories":[{"id":"142","name":"City Planning, Transportation, and Urban Growth"},{"id":"129","name":"Institute and Campus"}],"keywords":[{"id":"109","name":"Georgia Tech"},{"id":"246","name":"Georgia Institute of Technology"},{"id":"195014","name":"The Coca\u2011Cola Company"},{"id":"2741","name":"coca-cola"},{"id":"195015","name":"North Avenue property"},{"id":"195016","name":"Atlanta campus expansion"},{"id":"195017","name":"property acquisition"},{"id":"195018","name":"real estate transaction"},{"id":"195019","name":"$31.3 million transaction"},{"id":"195020","name":"campus real estate deal"},{"id":"195021","name":"institutional land acquisition"},{"id":"489","name":"atlanta"},{"id":"166991","name":"midtown atlanta"},{"id":"12507","name":"North Avenue"},{"id":"342","name":"Georgia"},{"id":"195022","name":"core campus"},{"id":"195023","name":"two\u2011story brick building"},{"id":"195024","name":"two\u2011acre park"},{"id":"195025","name":"academic growth"},{"id":"195026","name":"research expansion"},{"id":"195027","name":"student needs"},{"id":"195028","name":"enrollment growth"},{"id":"195029","name":"long\u2011term campus planning"},{"id":"195030","name":"public research university"},{"id":"195031","name":"Atlanta innovation ecosystem"},{"id":"815","name":"economic development"},{"id":"195032","name":"university\u2011industry partnership"},{"id":"195033","name":"institutional investment"},{"id":"195034","name":"long\u2011standing partnership"},{"id":"195035","name":"corporate\u2013academic collaboration"},{"id":"189031","name":"Georgia Tech President Angel Cabrera"},{"id":"195036","name":"Coca\u2011Cola Executive Chair James Quincey"}],"core_research_areas":[],"news_room_topics":[{"id":"106361","name":"Business and Economic Development"},{"id":"71871","name":"Campus and Community"}],"event_categories":[],"invited_audience":[],"affiliations":[],"classification":[],"areas_of_expertise":[],"news_and_recent_appearances":[],"phone":[],"contact":[{"value":"\u003Cp\u003EGeorgia Tech Media Relations\u003C\/p\u003E","format":"limited_html"}],"email":["media@gatech.edu"],"slides":[],"orientation":[],"userdata":""}}}