In Press Release

Portman Holdings has secured financing for its $150 million, 21-story state-of-the-art office development for leading healthcare provider, Anthem, Inc. (NYSE: ANTM) in Atlanta’s Technology Square. PCCP contributed equity financing and SunTrust was the lead lender. Regions also served as a lender for the project.

Anthem Technology Center is a 352,000-square-foot build-to-suit building near Georgia Tech in Midtown Atlanta. It will be a hub for about 3,000 multi-disciplinary IT professionals dedicated to creating new capabilities that will enhance the consumer health care experience, improve the quality of care, and lower health care costs. Located near Anthem’s Innovation Studio and Portman’s under-construction CODA tower, the Anthem Technology Center will be situated in a highly concentrated area that has become known as an innovation hotbed with research facilities, incubators, technology start-ups and the Georgia Institute of Technology campus.

“Portman is delighted to partner with Anthem, PCCP, and SunTrust to create another significant development in Midtown Atlanta. The Anthem Technology Center will complement CODA and further cement Midtown as the focal destination for businesses that are focused on collaboration, recruitment, and positioning,” said Ambrish Baisiwala, chief executive officer of Portman Holdings.

“PCCP is pleased to provide a portion of the equity for the development of this property, which will provide a high quality, well-located office building for a superb tenant. We are excited to close on our third transaction with Portman Holdings, a best-in-class developer with a successful 60-year track record,” said Kevin Chin, Senior Vice President with PCCP, LLC.

“SunTrust is honored to work with Portman Holdings to help make Anthem’s planned Midtown office tower a reality,” said Joe Pella, Georgia market manager for SunTrust Commercial Real Estate. “This deal brings together three iconic organizations for a momentous development in one of Atlanta’s most desirable sub-markets. I’m looking forward to the many ways it will contribute to the vibrancy of West Peachtree Street and Atlanta.”

In addition to providing the financing for the development, SunTrust will also open a full service branch inside Anthem Technology Center.

John Portman & Associates designed the building and provided Anthem the opportunity to create spaces that support its progressive and collaborative work style. More than 14,000 square-feet of terrace area will allow for an inviting green space, bringing the outside in, to support health and wellness. As part of the LEED- and Fitwel-certified design, Anthem placed an emphasis on energy and water efficiency, indoor environmental quality, and active design standards. The building will also include 7,000 square-feet of retail space and alternating two-story spaces connected by a staircase to promote collaboration. Groundbreaking is slated for Feb. 21, 2018, and construction is expected to take two years to complete.

About Portman Holdings

Throughout the past 60 years, Portman Holdings has developed over 50 million square-feet of premium real estate around the world with a focus on hospitality, office and mixed-use properties. The vertically integrated real estate development, investment and management company commands a successful global network and has a proven track record with the world’s top financial institutions. Teams in the company’s global offices seamlessly connect to develop, finance and manage a diverse portfolio in the world’s core and emerging markets. Portman Holdings continues to achieve success through investor, partner and client relationships that deliver exceptional real estate projects. For additional information, visit and follow the company on Twitter via @PortmanRE.

About John Portman & Associates

John Portman & Associates (JPA) is an internationally renowned architectural design firm with offices in Atlanta and Shanghai. Established in 1953, Portman has more than 60 years of experience in designing mixed-use urban developments, hotels, office buildings, multiunit residential complexes and exhibition centers. Portman projects can be seen in more than 60 cities worldwide. The firm’s architecture transcends national borders by striving for universal human appeal, enhancing the environment for users and providing a sound investment for owners and operators. For more information on John Portman & Associates, visit and follow the company on Twitter via @JPortmanAssoc.

About Anthem

Anthem is working to transform health care with trusted and caring solutions. Our health plan companies deliver quality products and services that give their members access to the care they need. With over 73 million people served by its affiliated companies, including more than 40 million within its family of health plans, Anthem is one of the nation’s leading health benefits companies. For more information about Anthem’s family of companies, please visit

About SunTrust Banks, Inc.

SunTrust Banks, Inc. is a purpose-driven company dedicated to Lighting the Way to Financial Well-Being for the people, businesses and communities it serves. Headquartered in Atlanta, the Company has two business segments: Consumer and Wholesale. Its flagship subsidiary, SunTrust Bank, operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic states, along with 24-hour digital access. Certain business lines serve consumer, commercial, corporate and institutional clients nationally. As of December 31, 2017, SunTrust had total assets of $206 billion and total deposits of $161 billion. The Company provides deposit, credit, trust, investment, mortgage, asset management, securities brokerage and capital market services. SunTrust leads onUp, a national movement inspiring Americans to build financial confidence. Join the movement at


PCP, LLC is a premier real estate finance and investment management firm focused on commercial real estate debt and equity investments. PCCP has approximately $6.4 billion in assets under management on behalf of institutional investors. With offices in New York, San Francisco and Los Angeles, PCCP has a proven track record for providing real estate owners and investors with a broad range of funding options to meet capital requirements. PCCP originates and services each of its investments, ensuring that clients benefit from added value and outstanding investment returns. Since its inception in 1998, PCCP has successfully raised, invested and managed approximately $12 billion of institutional capital through a series of investment vehicles including private equity funds, separate accounts and joint ventures. PCCP continues to seek investment opportunities with proven operators seeking fast and reliable capital. Learn more about PCCP at

Media Contact

Jennifer Jezyk, HL Strategy