ATLANTA, Aug. 23, 2019 – The Coca‑Cola Company announced today that it has closed on the sale of 711 5th Ave., a New York retail and office building. The buyers are a partnership of Nightingale Properties and Wafra Capital Partners.
The 19-floor, mixed-use property consists of 354,000 square feet. Coca‑Cola acquired the building in 1983.
Coca‑Cola was represented in marketing the building by the Cushman & Wakefield Institutional Capital Markets team of Doug Harmon, Adam Spies and Kevin Donner. Proskauer Rose LLP served as outside legal counsel for Coca‑Cola.
Blaivas & Associates, P.C. represented Nightingale Properties. Rosenberg & Estis, P.C. represented Wafra Capital Partners.
The Coca‑Cola Company (NYSE: KO) is a total beverage company, offering over 500 brands in more than 200 countries and territories. In addition to the company’s Coca‑Cola brand, our portfolio includes AdeS, Ayataka, Costa, Dasani, Del Valle, Fanta, Georgia, Gold Peak, Honest, innocent, Minute Maid, Powerade, Simply, smartwater, Sprite, vitaminwater and ZICO. We’re constantly transforming our portfolio, from reducing sugar in our drinks to bringing innovative new products to market. We’re also working to reduce our environmental impact by replenishing water and promoting recycling. With our bottling partners, we employ more than 700,000 people, helping bring economic opportunity to local communities worldwide. Learn more at www.coca-colacompany.com and follow us on Twitter, Instagram, Facebook and LinkedIn.
The fairlife® brand is owned by fairlife LLC, our joint venture with Select Milk Producers Inc. Products from fairlife are distributed by our company and certain of our bottling partners.