Regions Midatlantic | Philadephia
SSH Property, Young Capital Take Philadelphia's Wachovia Building
April 4, 2008

SSH Real Estate and Young Capital have announced the purchase of Unit II of 123 South Broad Street in Philadelphia from American Financial Realty Trust for a purchase price of $57.7 million or $92 per square foot. Known as the Wachovia Building , the former Fidelity Building achieved widespread notoriety when it was featured prominently as the “Duke & Duke” building in the 1983 film "Trading Places." The property is comprised of approximately 627,000 square feet and includes the unit encompassing floors 6–30 of 123 South Broad Street, and floors 6–11 of the adjacent Witherspoon Building. Paul Feaster of SSH Property, the investment division of SSH Real Estate, represented the buyer in-house. Adam J. Spies of Eastdil Secured represented the seller.

 
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