RIDGEWOOD, NJ-Onyx Equities has picked up 257 E. Ridgewood Ave., a 42,000-sf asset also known as the Sealfon’s Building. The seller was Magnolia Partners LLC, a local group, and the sale price was not disclosed.

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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