Onyx Equities LLC, of Woodbridge, and Artemis Real Estate Partners on Thursday announced the formation of a joint venture and acquisition of Plainsboro Plaza, a 218,600-square-foot, grocery anchored Class A retail property in Plainsboro.

Built in 1987, the center is home to retailers including CVS, Hallmark Cards, Dunkin’ Donuts, Powerhouse Gym and McDonald’s. According to the announcement, a recently vacated grocery store will be retenanted, and the owners expect to upgrade the overall appearance of the property as part of their investment strategy.