Coca-Cola will say goodbye to its famous NYC building

The building will hit the market in 2019

711 5th Ave, New York Credit:

(NEW YORK, NY) Coca-Cola’s 711 Fifth Ave. property will hit the market in 2019, according to Bloomberg. The company has hired Cushman & Wakefield to sell the 18-story tower that, for decades, has been known as the Coca-Cola Building.

Coca-Cola announced that the company does not need to keep its investment in the building to support its activities in New York.

The 345,000-square-foot building dates back to 1927 and was acquired by Coca-Cola in 1983. The building, a prime location in Manhattan, is filled with mostly office and retail space. In charge of the building’s marketing is Cushman’s institutional capital markets team made up of Doug Harmon, Adam Spies, and Kevin Donner, Bloomberg reported.

Current tenants in the building include Allen & Co., Sandler Capital Management, and The Polo Bar by Ralph Lauren.

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