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EB-5 Funded SORA West Office Tower Celebrates Grand Opening

by CanAmPosted on October 22, 2021February 23, 2024
AmerisourceBergen hosted a ribbon cutting ceremony on September 28, 2021 to commemorate the opening of its new headquarters in Conshohocken, Pa.

CanAm Enterprises (CanAm) is pleased to announce the grand opening of the SORA West office tower in Conshohocken, Pa. The 429.000 sq. ft. facility will serve as the global headquarters of healthcare company AmerisourceBergen, which currently ranks among the top 10 Fortune 100 companies. The state-of-the-art building features tech-enabled conference and business centers, a fitness center and an onsite café. CanAm provided $39.5 million in EB-financing for the construction loan on the project.

“The AmerisourceBergen headquarters is a great example of our strategy to safeguard EB-5 investor capital by investing in what we considered the best-in-class projects,” said Tom Rosenfeld, President and CEO at CanAm Enterprises. “Employers across the globe are announcing return-to-office programs and the grand opening of the SORA West office tower indicates the strong economic growth in the commercial real estate market in Philadelphia.”

The SORA West EB-5 project officially received its Form 1-924 exemplar approval in September 2020, which was following shortly thereafter by USCIS approval of the first investor I-526 Petition. The I-526 Petition approval validates the EB-5 project’s feasibility and anticipated satisfaction of the job creation requirement by USCIS.

The AmerisourceBergen headquarters building is part of SORA West, a $325 million mixed-use project being developed by Keystone Property Group. Additional plans for SORA West include a 127-room hotel with a rooftop bar and lounge, public plaza, two new restaurants and a 1,500-space parking garage. CanAm also has provided a $27 million loan to finance the construction of the hotel, which will be branded as the Tapestry Collection by Hilton.

“It is exciting to see this dynamic development take shape, first with a world-class anchor such as AmerisourceBergen and now with the construction of a new Tapestry Collection by Hilton,” added Rosenfeld, “SORE West is a great addition to the Philadelphia market, and we are very pleased to have provide key financing to help bring it to fruition.”

About the EB-5 Program

The EB-5 Immigrant Investor Program is administered by the United States Citizenship and Immigration Services (USCIS). The Program provides qualified foreign investors with the opportunity to earn “conditional” or temporary two-year visas in return for investing $500,000 in businesses located in high unemployment areas that create or retain at least ten permanent full-time jobs for U.S. workers.

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About CanAm Enterprises 

CanAm Enterprises, with over three decades of experience promoting immigration-linked investments in the US and Canada, has a demonstrated track record of success. With over 60 financed projects and $3 billion in raised EB-5 investments, CanAm has earned a reputation for credibility and trust. To date, CanAm has repaid more than $2.26 billion in EB-5 capital from over 4,530 families. CanAm manages several USCIS-designated regional centers that stretch across multiple states. For more information, please visit www.canamenterprises.com.

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Featured News

Why do Indians view the EB-5 Visa program as an avenue to live, work and study in the United States

Why do Indians view the EB-5 Visa program as an avenue to live, work and study in the United States

Written by Sunil Dhawan EB-5 Visa program is a reliable avenue to live, work, study, and travel anywhere in the United States. The EB-5 Visa Program is extremely popular among Indians who want to leave India and settle in America. The EB-5 Residency Program is a type of investor visa that allows people of all nationalities […]

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By CanAm

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November 27, 2023

EB-5 is Changing: What the New USCIS Guidance Could Mean for Investors and Regional Centers Webinar

EB-5 is Changing: What the New USCIS Guidance Could Mean for Investors and Regional Centers Webinar

As the EB-5 program evolves, CanAm is committed to keeping regional center investors up to date with all the changes – and what they mean. Soon after USCIS released new guidance on how it was interpreting sustainment period provisions of the EB-5 Reform and Integrity Act (RIA) of 2022, CanAm teamed up with the JTC […]

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By CanAm

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November 17, 2023

CanAm Executive to Speak at National Industry Conference on the State of the EB-5 Program

CanAm Executive to Speak at National Industry Conference on the State of the EB-5 Program

 New York, NY – The sources and methods of raising capital for EB-5 projects are evolving, largely thanks to the EB-5 Reform and Integrity Act (RIA) of 2022. CanAm Enterprises (“CanAm”) will be sharing its insights on the recent trends — and what they may signal — in an upcoming industry expert panel at the […]

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By CanAm

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November 8, 2023

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*No offer to sell any security is made by this website. Offerings will be made pursuant to exemptions from registration requirements set out in applicable securities laws. Prospective investors should take note of the risk factors described therein. Past performance is not indicative of future results.

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2 Specific investments described herein do not represent all investment decisions made by CanAm Enterprises. The reader should not assume that investment decisions identified and discussed were or will be profitable. Specific investment advice references provided herein are for illustrative purposes only and are not necessarily representative of investments that will be made in the future.

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