Company signs 115,000-square foot lease in Reading Distribution Center

An affiliate of Endurance Real Estate Group LLC announced the signing of a 114,550-square-foot lease with Can Corporation of America Inc., a subsidiary of The Giorgi Companies Inc., at the Route 61 Distribution Center, 184 Tuckerton Road, Reading.

The lease with “Can Corp. continues our strong leasing activity within our Reading Industrial Portfolio,” a statement from Endurance said. The CBRE team of Paul Touhey, Sean Bleiler and Abraham Kromah represented Endurance in this transaction.

Endurance acquired the Reading Industrial Portfolio in February 2022. The largest building in the group is 184 Tuckerton Road, with 392,030 square feet. The building is 100% occupied, “in large part due to Reading’s strong labor pool and prime location to exceptional highway infrastructure that places six of the top 10 U.S. (metropolitan statistical areas) and 60% of the Canadian population within a one-day truck drive,” the statement said.

“This specific space was leased prior to launching a full-blown marketing effort, which speaks to the strength of the market and lack of functional product currently available to tenants,” said Albert J. Corr, senior vice president/principal of Endurance.

Formed in 2002, Endurance Real Estate Group is based in Radnor. Since its formation, the company has acquired and developed over $1.3 billion of assets totaling 20.6 million square feet and sold over 11.7 million square feet with a combined value of nearly $1 billion. Endurance also owns and operates a portfolio totaling over 5.3 million square feet consisting of 54 buildings.

Paula Wolf is a freelance writer

Air Products to further expand, open facilities in Buffalo, Edmonton

Allentown-based Air Products announced plans Monday to establish new Project Delivery offices in Edmonton, Alberta, Canada, and Buffalo, New York.

A world-leading industrial gases company in operation for over 80 years, Air Products is focused on serving energy, environmental and emerging markets, a release said.

“Given the increasing number of projects in the United States and Canada, and the evolving footprint of our industrial gas business, additional offices in these locations will place our business in a strong position,” said Anthony Buzzeo, Air Products’ general manager – Americas. “We have strategically located these new execution offices close to our project sites, which has several benefits including access to a strong technical talent pool and proximity to several distinguished engineering schools.”

The Buffalo office will initially have approximately 75 employees, and the Alberta office will include over 40 employees. The Global Engineering and Manufacturing Technology Equipment offices will be a cross-functional space including executives, engineering, product, process gas, and air separation unit product line functions. The expansions will further strengthen collaboration between Air Products’ existing technical and large-project teams in the United States (Allentown, Houston), Europe (Hersham (UK) and Netherlands), Asia (Shanghai, Nanjing) and India (Pune, Vadodara).

The Alberta facility will make Edmonton the center of Canada’s hydrogen economy and “set the stage for Air Products to operate one of the most competitive and lowest-carbon-intensity hydrogen networks in the world,” the release said.

These two hydrogen projects are among several announced by Air Products and already in execution around the world.

Paula Wolf is a freelance writer

LVHN buys Venel Institute to expand educational capabilities 

Dr. Robert Barraco, chief academic officer for LVHN, shows off the lab at Venel Institute that will be used to train physicians, residents and fellows – PHOTO/CRIS COLLINGWOOD
Dr. Robert Barraco, chief academic officer for LVHN, shows off the lab at Venel Institute that will be used to train physicians, residents and fellows – PHOTO/CRIS COLLINGWOOD

Lehigh Valley Health Network has bought the Venel Institute in Bethlehem to expand its educational capabilities. 

Dr. Robert Barraco, trauma surgeon and chief academic officer for LVHN, showed off the anatomical research and educational facility Wednesday that will allow current physicians, residents and fellows to learn new procedures on cadavers.  

“This adds a whole new dimension to learning we haven’t had before,” Barraco said. “This gives us innovations in teaching that will make us the best we can be before practicing.” 

Barraco said LVHN is expanding its educational programs to address the critical staffing needs in the health care industry. The addition of the institute will also give the medical school access to more high technology and offer a variety of modalities and techniques. 

He explained that the use of cadavers gives practitioners real-life experience using new techniques and instrumentation before bringing the procedures to patients. 

The facility has a 60-seat auditorium for lectures, a small room for procedures and the lab, which has room for 15 tables for larger groups. The lab is equipped with video monitors so practitioners can see how procedures are to be done as they are learning.  

The Venel Institute, named for the “Father of Orthopedics” Dr. Jean-Andre Venel (1740-1791), will also offer outreach programs to high schools for students interested in a health care career. The institute has been offering programs to area high schools throughout its 13-year history. 

Barraco said Venel will complement LVHN’s new state-of-the-art Center for Healthcare Education in Center Valley which is slated to open next month.  

“This will really allow us to tailor the educational content and method to a group and its needs, whoever that group may be,” he said. 

Along with the Center for Healthcare Education, Venel could serve as a potential training ground and education facility for LVHN’s institutes, including Lehigh Valley Orthopedic Institute, Lehigh Valley Heart and Vascular Institute and Lehigh Valley Institute for Surgical Excellence. 

Venel Institute will also be part of LVHN’s medical school program run in partnership with the University of South Florida (USF) Morsani College of Medicine in Tampa, which has about 56 students per year, he said.  

“Our partnership with the USF Morsani College of Medicine sets us apart, and the addition of Venel will enrich an already top-notch learning experience for our students,” Barraco said. “The addition of Venel will help make them as ready as they can be for their residencies.”