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New York & Tri-State  + New Jersey  + Finance  |  January 28, 2021
Paul Bubny
By: Paul Bubny

Pathway Capital Arranges $74M Loan on NJ Portfolio

Pathway Capital Corp. arranged a $73.5-million loan through Madison Realty Capital on a portfolio of eight properties located across northern and central New Jersey.

Glenn Thomas, president of Pathway Capital, said “The refinance of four existing properties to acquire four additional properties will help the client meet customer demand and expand the company’s footprint in New Jersey.”

Portfolio details are:

• A mixed-use pre-development site totaling 2.68 million square feet, designated for residential, commercial, retail and self-storage in Harrison
• Two 56,000-square-foot industrial storage buildings in Kearny and Boonton
• A Class A light industrial flex building leased long-term to a blue-chip tenant in Harrison
• A fully renovated 85,000-square-foot flex facility in Harrison
• A retail fast food facility net leased to a credit tenant in Harrison
• Three-acre parcel of land in Kearny
• A mixed-use retail and outdoor storage facility in Brick

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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