X
Upcoming Stories
New York & Tri-State CRE News In Your Inbox .

New York & Tri-State   /   August 26, 2019

David Cohen
By: David Cohen

Manhattan’s Coca-Cola Building Trades for $907M

Nightingale Properties and Wafra Capital Partners have acquired the Coca-Cola Building in Manhattan’s Plaza District. The sales price was reported as $907 million.

Built in 1927, the 17-story, 354,000-square-foot office building served as the headquarters for NBC until 1933, when the network moved to Rockefeller Center. Coca-Cola acquired the property, which is located at 711 Fifth Ave., in 1983. In December, Coca-Cola tapped a team from Cushman & Wakefield to sell the Plaza District property.

Doug Harmon, Adam Spies, Kevin Donner and Avery Silverstein of Cushman & Wakefield represented Coca-Cola in the transaction. Additionally, J.P. Morgan Chase provided a $700 million acquisition loan to Nightingale and Wafra for the property. Terms of the financing were not disclosed.

Connect
Inside The Story
About the Author

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles.
Email the Author

New call-to-action
New call-to-action
New call-to-action
© ConnectCRE 2021 / 3900 San Fernando Road, Suite 1007, Glendale, CA 91204
Contact Us / Policies, Privacy & DisclosuresSubmit Press Release / 
magnifiermenu