234 Ballardvale Ave., WilmingtonMaine and Miami-based developer The RAM Cos. has purchased a 100,000-square-foot industrial building in Wilmington for an undisclosed sum.

The Class A property is currently occupied by Aramark Corp., Arnold Sales/Bimbo Bakeries and Advanced Imaging. Newmark Knight Frank’s Boston office has been retained to lease the remaining 25,000 square feet of available space at the property, RAM Cos. said in a press release.

The property was built in 1980, and last sold in November 2005 for $7.7 million, according to data from The Warren Group, publisher of Banker & Tradesman.

"We believe that 234 Ballardvale is a solid addition to our portfolio of industrial space in New England," said Brian A. Gagne, executive vice president of acquisitions & development RAM. "This is a very functional property in a strong market with good tenancy – attributes we value greatly."

The RAM Cos. Buy 100K SF Industrial Facility In Wilmington

by Banker & Tradesman time to read: 1 min
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