Ram Purchases Two Industrial Facilities, Totaling 80,000 Square Feet, in Miami

Ram signs long-term lease on two cold storage properties with Agriflora Group, one of the world's leading fresh cut flower trading companies

MIAMI, Florida - Scarborough, Maine-based Ram Management Company, announced today the purchase of two large industrial facilities, totaling 80,000 square feet, in Miami.

The facilities are located in the Airport West section of Miami, considered one of the country’s most active industrial markets.

“The Airport West section of Miami is a very desirable place for owners to be right now,” said Todd Goldenfarb, Ram's Acquisition & Development Analyst. “There is very little product available for users and investors, thus we feel our acquisition and our long term tenant make this is a very strategic purchase.”

Ram will be leasing both cold storage facilities, located at 9800 NW 17th Street and 9475 NW 13th Street, back to the Agriflora Group. The company, made up of the Agriflora, Emerald Farms, and Emerald Bouquet brands, is one of the world’s leading fresh cut flower distributors with locations in Miami, North Carolina, California, and New Jersey.

Goldenfarb said the acquisition is part of Ram’s continued effort to acquire properties to improve and develop throughout New England and South Florida.

“Airport West is a logical place for our continued expansion into South Florida. Together with the increase in imports from South America and the strong desire for business to be located in Miami, Airport West is a strong location and we see the trend continuing,” he said.

Goldenfarb added that Ram is in the process of working on several other properties for acquisition.

Well known throughout Maine, New England, and Europe for much-acclaimed retail, residential, industrial, and office developments, Ram was the original developer of factory outlets in Kittery and Freeport, Maine as well as in England, Europe, and Israel. Ram’s past work also includes the redevelopment of 21 buildings in Portland’s Old Port area. Currently, Ram’s portfolio includes office, retail, industrial, and residential real estate. For more information, visit www.rammanagement.com.

“With a very strong equity base and reputation, Ram is positioned to continue to effectively purchase properties like 13th & 17th street as well as others throughout New England and South Florida,” said Goldenfarb.

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