PHILADELPHIA – $SSH Real Estate$, a Philadelphia-based company offering comprehensive commercial real estate services, today announced that Liberty Resources, Inc., a Philadelphia nonprofit organization that advocates and promotes independent living for persons with disabilities, has purchased 714 Market Street, where Liberty Resources is currently the largest tenant, for $25.5 million. SSH Real Estate served as broker for the transaction representing the buyer, and will lease and manage the property.

714 Market Street is comprised of 212,000 square feet and is currently 75 percent leased. In addition to Liberty Resources, Inc., which currently occupies 60,000 square feet, major tenants include Philadelphia Youth Network and Teach for America.

“Our mission is to work with people with disabilities and help them to live independently in their communities instead of expensive, segregated and generally undesirable nursing homes,” said Thomas H. Earle, chief executive officer of Liberty Resources, Inc. “We would like to attract other nonprofit organizations that serve the public and create a property that includes community-oriented tenants that provide services to area residents.”

Liberty Resources, Inc., which has been a tenant in the building since November 2006, acquired the property from 714 Holdings LLP. The transaction closed April 17, 2008. Andrew Noll, vice president with Citizens Bank, handled financing for the acquisition. Cushman & Wakefield represented the seller.

About 714 Market Street
Built in 1904 and located prominently on Market Street in Center City Philadelphia, 714 Market Street includes both retail and office tenants with a beautiful 7-story atrium lobby area and full ADA accessibility for people using wheelchairs. The property is located on the east side of City Hall and is near public transportation. The building is currently 75 percent occupied. Financing for the purchase was arranged through Andrew Noll, Citizens Bank.

About Liberty Resources, Inc.
Liberty Resources, Inc. is a nonprofit, consumer-driven organization that advocates and promotes Independent Living for persons with disabilities. More than fifty percent of the Board as well as fifty percent of its employees are persons with disabilities.

About SSH Real Estate
Led by Principals Jeffrey R. Seligsohn and Peter C. Soens, SSH Real Estate is a Philadelphia-based company offering comprehensive commercial real estate services. Complementing its longstanding brokerage and advisory service, the firm’s property management division manages over 5 million square feet of commercial property in the Philadelphia region, and SSH Property Group currently owns approximately 1.6 million square feet of office buildings in Philadelphia and Washington, D.C. SSH has been a prominent commercial real estate firm in Philadelphia since 1954 through its predecessor Harold B. Hess Company, and in addition to its depth and expertise in the Philadelphia market, the firm has a national and global reach as an affiliate of TCN Worldwide, a consortium of leading, independent commercial real estate firms throughout the world.

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