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Georgia Tech planning to buy North Avenue property from Coca-Cola for over $31 million [CBS News]
Last coca-cola company (the) earnings: 4/21 05:55 am
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The two organizations announced the plan for Georgia Tech to buy a two-story building and an adjacent two-acre park along North Avenue this week. The area is expected to sell for $31.3 million and has been part of Coca-Cola's holdings since 1988, a press release revealed. School officials say that the property would strengthen the university's capacity to advance research and educate its students. "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. "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." "When 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," Quincey said. "Coca-Cola has a long legacy of
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