Georgia Institute of Technology and The Coca-Cola Company are finalizing an agreement for the Institute to purchase property along North Avenue, strengthening Georgia Tech’s capacity to educate students, advance research, and serve communities across Georgia.

Coca-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’s continued growth and innovation.

The expected sale includes a two-story brick building, part of Coca-Cola’s holdings since 1988, and an adjoining two-acre park along North Avenue. 

“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.”  

James Quincey, Coca-Cola’s executive chair and Georgia Tech’s 2020 Commencement speaker, said the company wanted the property to continue contributing to 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 involvement and partnership with Georgia Tech, and we are excited to see them redevelop this important area in Atlanta.”

Georgia 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’s economy.