Ridgewood, NJ, February 21, 2007 – Onyx Equities, LLC has acquired 257 East Ridgewood Avenue, the 42,000-square-foot office/retail building known as the Sealfon’s Building in downtown Ridgewood, N.J.  The seller was Magnolia Partners, LLC.

"257 East Ridgewood Avenue presented us with the unique opportunity to acquire a retail/office building in one of New Jersey’s most prominent downtowns and within walking distance of the Ridgewood Train Station," said Jonathan Davis, Onyx Equities' vice president of investments.  “This acquisition is the perfect addition to Onyx’s growing portfolio of well located and positioned assets."

257 East Ridgewood Avenue's tenants include: Pompanoosuc Mills, The Rugged Bear, Wealth Preservation Solutions, LLC, and Core Strength Systems.

The building currently has 16,500 square feet of available office space.  Michael K. Nevins, Onyx’s vice president of asset management, is handling the leasing for the building.

Headquartered in Woodbridge, New Jersey, Onyx Equities, LLC was formed in 2004 and currently owns a portfolio of 2,735,000 square feet of office, retail, and industrial properties located in New Jersey, New York, Connecticut, and Pennsylvania. Since its inception, Onyx has acquired over $418 million in assets throughout the region.  For more information on Onyx Equities, LLC, contact the firm at (732) 362-8800, or visit www.onyxequities.com.