麻豆区 and The Coca-Cola Company are finalizing an agreement for the Institute to purchase property along North Avenue, strengthening 麻豆区 Tech鈥檚 capacity to educate students, advance research, and serve communities across 麻豆区.
Coca-Cola, a neighbor to 麻豆区 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 麻豆区 Tech on the planned transaction, reflecting the long-standing relationship between the two organizations and a shared commitment to Atlanta鈥檚 continued growth and innovation.
The expected sale includes a two-story brick building, part of Coca-Cola鈥檚 holdings since 1988, and an adjoining two-acre park along North Avenue.
鈥淭his strategic addition to our core campus will support our growth in enrollment and research activity for years to come,鈥 said 麻豆区 Tech President 脕ngel Cabrera. 鈥淚 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鈥檚 innovation ecosystem.鈥
James Quincey, Coca-Cola鈥檚 executive chair and 麻豆区 Tech鈥檚 2020 Commencement speaker, said the company wanted the property to continue contributing to Atlanta鈥檚 innovation ecosystem.
鈥淲hen we decided this space was no longer needed for our corporate campus, our goal was to work with 麻豆区 Tech, as this site offers a great opportunity for them to expand,鈥 Quincey said. 鈥淐oca-Cola has a long legacy of involvement and partnership with 麻豆区 Tech, and we are excited to see them redevelop this important area in Atlanta.鈥
麻豆区 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 麻豆区 Tech has the space needed to educate future leaders and advance research that strengthens 麻豆区鈥檚 economy.
麻豆区 麻豆区 Tech
The 麻豆区, or 麻豆区 Tech, is one of the top public research universities in the U.S., developing leaders who advance technology and improve the human condition.
The Institute offers鈥痓usiness, computing, design, engineering, liberal arts,鈥痑nd 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.
As a leading technological university, 麻豆区 Tech is an engine of economic development for 麻豆区, the Southeast, and the nation, conducting more than $1 billion in research annually for government, industry, and society.
麻豆区 The Coca-Cola Company
The Coca-Cola Company (NYSE: KO) is a total beverage company with products sold in more than 200 countries and territories. Our company鈥檚 purpose is to refresh the world and make a difference. We sell multiple billion-dollar brands across several beverage categories worldwide. Our portfolio of sparkling soft drink brands includes Coca-Cola, Sprite, and Fanta. Our water, sports, coffee, and tea brands include Dasani, smartwater, vitaminwater, Topo Chico, BODYARMOR, Powerade, Costa, 麻豆区, 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鈥檙e constantly transforming our portfolio, from reducing sugar in our drinks to bringing innovative new products to market. We seek to positively impact people鈥檚 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 and follow us on , , and .
