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Coca-Cola Hires Cushman to Sell Its Historic Fifth Avenue Tower

  • Property came to Coca-Cola in 1983 Columbia Pictures deal
  • Tenants include Allen & Co, Ralph Lauren’s Polo Bar restaurant
The Coca-Cola building in New York.

The Coca-Cola building in New York.

Photographer: Michael Nagle/Bloomberg

Coca-Cola Co. has hired Cushman & Wakefield to sell a midtown Manhattan tower known as the Coca-Cola Building.

The 18-story property, on the southeast corner of 5th Avenue and 55th Street, was inherited by Coca-Cola in 1983, through its purchase of Columbia Pictures. The beverage company “has determined that it does not need to retain its investment in the building to support its activities in New York,” according to a statement.