NEWBURYPORT — Howard A. Goldenfarb, founder of The RAM Companies (RAM), announced Monday his firm acquired two, 100%-leased industrial properties. The properties include 111 Parker Street in Newburyport, totaling 46,000-square-feet on 4.4 acres, occupied by Alpha Laval; and 111 Ledge Road in Seabrook, totaling 32,000-square-feet on 6 acres and occupied by Munters Group, AB.
Munters Group, AB, headquartered in Stockholm, Sweden, is a world-leading provider of energy efficient air treatment and climate control solutions. Alpha Laval, headquartered in Lund, Sweden, focuses on the production of machinery used to heat, cool, separate, and transport products such as oil, water, chemicals, beverages, foodstuffs, starch, and pharmaceuticals
Senior Vice President of Acquisitions and Development Mark Campbell led the acquisition effort on behalf of RAM. David Coffman and Michael Restivo of JLL’s Boston office brokered the transaction.
“The acquisition provided us with the opportunity to acquire two well-located properties in the strong northern submarkets of Boston and New Hampshire’s Seacoast,” Campbell said. “One-hundred-eleven Parker in Newburyport has been a long-time home to a great tenant in Alfa Laval and will continue to provide great stability for RAM. One-hundred-eleven Ledge in Seabrook is a very functional building with desirable characteristics and accessibility in a supply-constrained market with exceptionally limited vacancy. We believe that, combined, the portfolio will allow RAM to create both near-term value and realize strong longer-term appreciation.”
The RAM Companies (RAM) is a Maine-based firm with a focus on the acquisition and redevelopment of industrial/flex income-producing properties in New England and South Florida. RAM has pioneered office, retail, and residential property development for nearly 50 years, according to officials.
The RAM Companies is headquartered at Centervale Farm in Scarborough, Maine. For more information, visit www.ramcompaniesusa.com.