Georgia Tech finalizing $31.3M purchase of Coca-Cola property along North Avenue

A map with a green square and a red place marker on top of a building in a neighborhood of buildings
The Georgia Institute of Technology and The Coca-Cola Company announced Tuesday that they are in the process of finalizing an agreement that would grant the institution property along North Avenue. (Courtesy of Georgia Tech)

The Georgia Institute of Technology and the Coca-Cola Company announced Tuesday that they are in the process of finalizing an agreement that would grant the institution property along North Avenue.

After the acqusition, Tech officials said that the school will examine the property to determine how it can “support academic, research and student needs as part of its long-term campus planning efforts.”

“This strategic addition to our core campus will support our growth in enrollment and research activity for years to come,” said Georgia Tech President Ángel Cabrera in a Tuesday press release. “I 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’s innovation ecosystem.”