The portfolio, located in the Meadowlands, is primarily comprised of single-tenanted and multi-tenanted shallow bay industrial warehouses ranging between 16,000 and 78,000 square feet in size. Fully leased at acquisition, it is home to a diverse mix of tenants ranging from multi-national corporations to regional and local companies.

The Union-based firm's recent sale is its last in a process to streamline its portfolio and focus on core businesses.

Greenway Products & Services opened its third manufacturing plant this week, this one in Baltimore, within a night's drive of one-third of the country's population.

The initial loan funding provided a portion of the acquisition cost, enabling the borrower, an affiliate of Argent Ventures, to acquire the property from Honeywell International.

The 12,790-square-foot two-story house of worship can accommodate up to 400 people in the main sanctuary and balcony. The lower level contains meeting rooms, offices and a full industrial kitchen.

The space includes private units, working fireplaces, conference rooms equipped with skylights, custom shelving, a full law library, working kitchen and numerous other amenities.

The property was sold for $4.65 million and will include multiple tenants. Currently, the location is fully leased and features two large recessed loading docks and approximately 200-feet of frontage along the Interstate 28 corridor.

The pilot program is meant to help cover the costs for Camden and Newark businesses to buy and use electric trucks and aims to start the process of slowly weaning diesel-powered trucks off of the state’s roads.

This extremely well-maintained 32,000-square-foot property consists of executive suites and warehouse space which will serve as storage, workshop and office space for the electric utilities generation unit.

The acquisition is comprised of a mix of distribution buildings and multitenant infill light-industrial properties, which remain a central focus of the Clifton-based company's investment strategy moving into 2021.

The funds will be used to facilitate the Gateway to Innovation initiative, which was developed to provide short-term, upskilling credential attainment opportunities in technology, finance and other recession-resistant sectors that will lead to resilient career pathways.

The Somerset-based firm elevated David Zmijewski to president, and Richard Lake and David Garbarino have been promoted to vice president.