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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.

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