The acquisition, located in this city's Downtown area, combines office and retail tenants. Currently in the building are Pompanoosuc Mills, the Rugged Bear, Wealth Preservation Standards and Core Strength Systems. A total of 16,500 sf is available for lease, and Michael K. Nevins, vice president of asset management for the Woodbridge-based Onyx, is handling the leasing.
"It presented us with an opportunity to acquire a retail/office building in a prominent downtown, and within walking distance of the Ridgewood Train Station," says Jonathan Davis, Onyx's vice president of investments. "This acquisition is well-positioned and well-located."
The pick-up bumps Onyx's portfolio up to more than 2.7 million sf of office, retail and industrial properties valued at some $418 million, all acquired since the company was formed in 2004.
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