February 13, 2018 Comments Off on PCCP Delivers Development Financing for Anthem’s Atlanta Tower Views: 2476 Georgia, National News, Southeast

PCCP Delivers Development Financing for Anthem’s Atlanta Tower

PCCP, LLC provided $29.4 million in preferred equity financing to Portman Holdings, LLC for the development of 740 West Peachtree, a 21-story, 360,000-square-foot office tower located in Atlanta’s Midtown market. The office space is 100% pre-leased to Anthem, Inc. It will be called Anthem Technology Center, and serve as the health insurer’s IT center.

PCCP’s Kevin Chin notes the company is delivering a “portion of the equity for the development of this property, which will deliver a high quality, well-located office building for a superb tenant.” It is PCCP’s third transaction with Portman Holdings.

The Class A high‐rise build‐to‐suit office tower on a 1.22-acre site will offer 7,400-square-feet of ground floor retail space and structured parking. The office tower will feature an all‐glass façade and cutting-edge sustainability design features that will make it one the premier LEED office buildings in Atlanta.

Connect With PCCP’s Chin

Get CRE News in 150 words

For comments, questions or concerns, please contact Dennis Kaiser

Tags: ,

Comments are closed.