PORTLAND, Maine (January 6, 2025) – Howard A. Goldenfarb, founder of The RAM Companies (RAM), announced today that the firm has acquired two, 100% leased industrial properties. The properties include 111 Ledge Road in Seabrook, NH, totaling 32,000 square feet on 6 acres and occupied by Munters Group, AB, and 111 Parker Street in Newburyport, MA totaling 46,000 square feet on 4.4 acres, and occupied by Alpha Laval.
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.
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,” Mark Campbell, Senior Vice President of Acquisitions & Development at RAM explained. “111 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. 111 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.”
About The RAM Companies
The RAM Companies (RAM) is a Maine-based firm with a strong focus on the acquisition & 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. The firm’s mission is to increase the prosperity of its associates and partners by strategically acquiring, developing, and managing real estate that adds value to our company's portfolio and to the communities in which we work and live. The RAM Companies is headquartered at Centervale Farm in Scarborough, Maine. For more information, visit www.ramcompaniesusa.com.
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