Todd Goldenfarb, acquisition and development analyst with Ram, tells GlobeSt.com that the three-building property offered a well-located, value added addition to the firm's portfolio. "We think it fits well with what the market wants right now. We think it's just what tenants are looking for" Goldenfarb says. "For tenants who don't want to be downtown, it's a great alternative."

The property is comprised of two single-story office and R&D buildings and a three-story office property, all located on 19 acres off of Route 95.Goldenfarb says Ram plans to make extensive interior and exterior renovations to the property. Among those planned improvements are upgraded signage and lighting, redesigned landscaping and common area improvements. Ram has selected Cushman & Wakefield to handle the leasing duties for the three buildings.

Ram's latest acquisition fits in with its strategy of buying and improving properties throughout New England and South Florida, according to Brian Gagne, executive vice president of Acquisitions & Development for Ram. "Massachusetts continues to be a logical place for our expansion," Gagne says. "Our recent acquisitions in Massachusetts, coupled with our existing portfolio in the Northeast region, puts us in a strong position to continue to gain market share."