Case Studies: Brokerage
SSH Real Estate helped identify and evaluate a wide range of buildings that could meet EisnerAmper’s need in Center City, Radnor, Conshohocken, Plymouth Meeting, Blue Bell and Fort Washington.
The SSH team worked diligently with Cozen O’Connor’s appraiser and senior management team to provide market information and present their case for the appropriate fair market value.
SSH was able to negotiate a tenant termination option in HPP's lease which would become important due to their rapid growth.
SSH’s legal, space planning and construction management team interviewed and helped the firm select and negotiate the contracts for the various venders who will be completing the construction, including; the architect and engineers.
SSH and CcTC worked together to successfully structure a fifteen year lease with options to extend, options for growth on extremely favorable economics terms.
By consolidating the client’s three locations, Publicis was able reduce their occupancy costs while finding a suitable site where they could best retain their employees.
SSH Real Estate recently assisted Canon Business Solutions with an early lease re-negotiation and relocation within one of suburban Wilmington’s premiere office parks Bellevue Park Corporate Center.
By identifying and negotiating very favorable sale terms, the partners of the firm were able to benefit from an excellent real estate investment while also benefiting from the tax advantages of the depreciation of real estate.
In a relationship spanning over 25 years, SSH Real Estate has continually worked with the management team at Asher in the evaluation of the firms real estate needs.
Case Studies: Investment Sales
The Investment Division produced seven offers for the project which enabled the seller to choose a buyer not only based on price and terms but also on likelihood of closing the transaction.
The Philadelphia Freedom Valley YMCA hired SSH Real Estate to market 100 St. George’s Road in Ardmore, Pennsylvania.
SSH Real Estate’s team-oriented approach resulted in three solid offers from three credible investors, all within Toll Brothers’ strike price range.
Case Studies: Property Management
SSH Management was able to manage one of the largest historical restoration projects in the country for 2010, while maintaining a strong positive relationship with their tenants.
As a result of the strategy implemented by SSH, the quality of life provided to the residents of the Plaza has been drastically improved.
Case Studies: Investments
The Robert Morris Building was purchased in an “off-market” transaction from a long-term existing client prior to the announcement of the new world-class 1.2 million square foot Comcast Center next to the building.
The goal here was to capitalize on the revitalization of the Chestnut St corridor, which is taking place East of Broad Street, and the proximity to the new is expanded Pennsylvania Convention Center.
This building was acquired in an “off market” transaction directly from a client of SSH Real Estate to capitalize on the below market, in place retail and office rents, and a $1.5 million renovation program was completed.
With stable cash flow to investors, favorable fixed, long-term financing and tremendous upside based on its residential conversion potential, our plan is to continue to hold this asset for the long term.
SSH targeted 123 South Broad Street – a 626,594 SF Class B office building on the corner of Broad & Walnut Streets, recognizing the opportunity to add value by leasing the 125,000 square feet of vacant space.
SSH Real Estate and Young Capital, in a joint venture with New York-based JOSS Realty Partners acquired the 143,414 square foot Class B, eight-story Reporters Building from a Dutch Investment Partnership.
Consisting of an entire city block in the heart of Center City, East Market had an excellent combination of in-place rental income and tremendous potential as a future development site.
The 91,836 square foot Class B+ 8-story office building was purchased from local Washington, DC investors in a joint- venture with Young Capital and JOSS Realty Partners. The property was sold for $45.5 million or $495 per square foot in May of 2012.
SSH Real Estate realized that the revitalization of the Chestnut St corridor was beginning to gain momentum which would create an opportunity to upgrade the building and significantly increase the below-market in-place retail and office rental rates.