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123 S. Broad Street, Philadelphia, PA (Hart Roberts/Chair 8 Media photo) 123 S. Broad Street, Philadelphia, PA (Hart Roberts/Chair 8 Media photo)

PHILADELPHIA, PA—A joint venture of SSH Real Estate and Young Capital, in partnership with the real estate arm of Quilvest Private Equity, is undertaking a $100 million recapitalization of the 880,000 square foot 123 South Broad Street and Witherspoon Building complex. Located in the heart of Philadelphia’s Central Business District, the property consists of the entire block on Broad Street from Walnut to Sansom Streets.

“We are excited to partner with Quilvest, an institutional investor with international real estate acumen. Quilvest’s investment and the new financing will enable us to complete our vision to make 123 South Broad Street the premier historic office building in Philadelphia,” says Peter Soens, partner of SSH Real Estate. “The building’s unique footprint allows us to easily accommodate tenants of all sizes from pre-built, 1,000 square foot suites to as much as 100,000 square feet across multiple floors. With top floors – 24-30 – available in June, we are excited to be able to offer best in class beautiful high ceiling space with incredible views along the Broad Street corridor.”

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Steve Lubetkin

Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].

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