Boston & New England + New England + Industrial | August 3, 2023

The RAM Companies Buys 64K-SF Portland Industrial Complex for $10M

Howard A. Goldenfarb’s RAM Companies has acquired the fully leased Warren Avenue industrial complex located at 421 and 429 Warren Avenue in Portland, Maine., for 9.6 million.

The property, now known as the Portland Commerce Center, consists of three one-story buildings, providing a total of approximately 64,000 square feet of space with nine tenants. RAM plans to enhance the property with landscaping and parking lot improvements, rebranding, and other necessary upgrades.

Led by Howard Goldenfarb, Todd Goldenfarb, and Mark Campbell, the acquisition was conducted on behalf of RAM and its affiliate, Mile Marker Investments. Joe Malone and Jennifer Small of Malone Commercial Brokers represented the seller.

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About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.

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