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