The transaction was funded by a New York City-based real estate hedge fund.

The Port Authority announced on Monday the completion of the ExpressRail Port Jersey facility, operated by GCT Bayonne – the final piece of the Port of New York and New Jersey's intermodal rail network spanning facilities in Elizabeth, Newark and Staten Island, NY.

The Fair Lawn location is RD Foods Americas' third New Jersey warehouse and will be used to distribute a variety of international, fresh and high-quality food ranging from seafood to fruits and vegetables.

The firm provides $16 million for a five-story apartment complex in the West Adams, Pico Heights submarket.