ATLANTA—It's the largest construction loan in post-recession Atlanta. Jamestown, a real estate development firm, just secured a $180 million construction loan toward its Ponce City Market project. PNC Bank, in partnership with SunTrust and JP Morgan, offered the loan. Until now, Jamestown had funded 100% of the development costs from internal equity.

Ponce City Market is set to open in the fall of 2014. It's a 1.1 million-square-foot restoration of the former historic Sears, Roebuck & Company building and qualifies as the largest adaptive reuse project in Atlanta's history.

"PNC's commitment to supporting mixed-used projects in the Atlanta community is reflected in our collaboration on this Ponce City Market deal,” says Chad McMasters, PNC real estate banking Georgia market manager. “Jamestown's investment in the heart of the city will be a catalyst for continued growth and a driver for employment for hundreds of residents."