Georgia Tech planning to buy North Avenue property from Coca-Cola for over $31 million
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Georgia Tech is planning to buy a property from Coca-Cola for $31.3 million to expand its campus. The acquisition is expected to support the university's growth in enrollment and research activity.
The Georgia Institute of Technology is set to acquire a property from the Coca-Cola Company for $31.3 million. The property includes a two-story building and a two-acre park along North Avenue. The sale, which has been in the works since Coca-Cola decided the space was no longer needed, is expected to be finalized soon. Georgia Tech officials say the acquisition will strengthen the university's research and educational capabilities. The property will be evaluated to determine how it can best support the university's academic and student needs. The deal is a result of the long-standing relationship between Georgia Tech and Coca-Cola.
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