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25

Historic Newark MF Sold to PF Holdings

By Tony Seruga

Why should you prepare for a security breach? Find out at cyberSecure. Gain the insights and relationships necessary protect your real and financial assets. In New York on December 15-16. National event.

Colonnade, 25 Clifton Avenue, Newark, NJ

NEWARK, NJ—P.F. Holdings has acquired the 22-story rent-controlled Colonnade apartment building in Newark, NJ – designed by architect Mies van der Rohe – in a highly competitive transaction in a market rapidly gaining recognition for its upside potential.

Eastern Union Funding’s David Metzger and Nate Hyman represented the buyer and brokered the acquisition financing with Greystone Funding, locking in $41.2 million in non-recourse debt for ten years, with five-years interest-only. Law firm Feinstein, Raiss, Kelin & Booker represented the client…

Historic Newark MF Sold to PF Holdings

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