The RAM Cos. acquires 66,000 s/f in Scarborough Industrial Park

Scarborough, ME Howard Goldenfarb, founder of The RAM Companies (RAM), said that the firm has acquired 16 Washington Ave. The property totals 66,000 s/f on nearly 15 acres in the Scarborough Industrial Park. The property was formerly owned and occupied by Sonoco Corp. It is currently unoccupied.

RAM will rebrand the property as the Washington Avenue Commerce Center and make several interior and exterior upgrades. With interior clear heights up to 23.5 ft., more than 100 parking spaces, and heavy power, the property is suitable for a variety of uses.

“It is not every day that we can purchase such a well-functioning, centrally located asset with so much potential, only a few minutes from our headquarters,” Goldenfarb said. “Scarborough is a very desirable community in which to do business in, and this location in the Scarborough Industrial Park complements our portfolio well. We have a long history of taking underutilized assets to their full potential and look forward to doing the same at 16 Washington.”

Claire Richardson of The Boulos Company will handle leasing of the property.