RAM Acquires 111,000 Square Foot Industrial Park In Leominster, Massachusetts
March 16, 2009

New England Based Firm Positioned To Grow Industrial Portfolio During Economic Downturn

Scarborough, ME – Brian A. Gagne, Executive Vice President of Acquisitions and Development for The RAM Companies, announced today the completed acquisition of  a four building, 111,000 sf industrial park with rail access on 11.67 acres in Leominster, Massachusetts. The fully leased industrial property is occupied by several tenants including The Monson Company and Modern Dispersions. The property will be renamed The Leominster Commerce Center.

With its recent partnership with a well established New England wealth management firm, RAM is continuing its program of acquiring income producing properties such as The Leominster Commerce Center. Of the Acquisition, Mr. Gagne states, “We believe that during these difficult economic times there will be property to acquire such as this one that will provide us with good steady cash flow in a strong industrial area. We plan to use our expertise in management to further increase value at this property as well as any others we acquire this year.”

Well known throughout New England, South Florida and Europe for much-acclaimed retail, residential, industrial, and office developments, The RAM Companies was the original developer of factory outlets in Kittery and Freeport, Maine as well as in England and Israel. RAM’s past work also includes the redevelopment of 21 buildings in Portland Maine’s Old Port area. Currently, RAM’s portfolio includes office, retail, industrial, and residential real estate.

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