Coca-Cola Closes Sale Of New York Property
The Coca-Cola Company has announced that it has closed the sale of its iconic retail and office building in New York.
The property, located at 711 Fifth Avenue, has been acquired by Nightingale Properties and Wafra Capital Partners for an undisclosed sum.
Coca-Cola acquired the 19-storey, 354,000 square-feet building in 1983.
Cushman & Wakefield Institutional Capital Markets team of Doug Harmon, Adam Spies, and Kevin Donner represented Coca-Cola in the transaction.
Proskauer Rose LLP served as outside legal counsel for the company.
Blaivas & Associates, P.C. represented Nightingale Properties, while Rosenberg & Estis, P.C. represented Wafra Capital Partners.
© 2019 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: European Supermarket Magazine.